The Athens Stock Exchange remains cautious, with buyers maintaining the "reins" but avoiding big risks.
Somehow, the Greek market is holding in the 1,490-1,500 area, registering gains of around +1.6% in January and cashing in on the positive trend of the previous weeks. However, it is clear that Athens needs a new bullish catalyst.
At the same time, investors' attention is also focused abroad, where developments on the interest rate and inflation front are attracting interest, while Wall Street's corporate earnings release starts today.
Specifically, in the third session of the new week, the General Index recorded a "measured" increase of +0.17% to 1,495.62 points, gaining 2.5 points compared to Tuesday's close (1,493.11 points).
The arc of the daily fluctuations extends over three points (from 1,494.36 to 1,497.06 points), with the turnover of transactions ranging at 2 million in the first 10 minutes.
The banking index, which is the "protagonist" of January, accumulates strength at +0.35% and 1,354 points, extending more than 5% this year's change.
Piraeus shares are up +0.90% and 4.14 euros, Alpha shares follow at +0.50% and 1.709 euros, Eurobank shares are trading +0.13% and 2.336 euros, while Ethniki shares are almost unchanged at 8.02 euros.
In the high-cap index (+0.20% and 3,635 points), PPC shares are folding at -0.90% and 12.4 euros, with shares of Hellaktor, ELVALHALKOR and Metlen following at +0.8%. Motor Oil shares also expand by 0.6%. On the flip side, Jumbo and OPAP shares "fall" by 0.7% and 0.5%, respectively. Titan Cement's shares also fall slightly by 0.4%, correcting from yesterday's record high of 41.5 euros.
As for the mid-cap index (+0.04% and 2,422 points), the shares of EXAE stand out negatively at -1.1% and 4.6 euros, with the shares of Intracom and Ideal following at -0.8%. Trade Estates and Noval each lose 0.5%. In contrast, AVAX shares climb further to +1.8% and EUR 1.83 (12-month high). Lavipharm's shares gain 1.2%, with Kri Kri and Techniki Olympiaki gaining 0.7%.