The Greek Deal.com
Small lead of sellers | TheGreekDeal.com
Athens Stock Exchange
Small lead of sellers
The Greek market is almost at the next milestone, which if broken will open the door to 1,550. The market has been rising steadily for the past three months, since the lows of last October.
Newsroom
TIME TO READ
1 min
Unsplash

The Greek market, which has been on an uninterrupted rally of 35% since the lows of last October, is very close to the next milestone, any breach of which will unlock the road to 1,550.

It is reasonable, of course, within this upward trend that buyers will make some stops in order to catch their breath and consolidate the strong gains. Therefore, the current stagnation in no way reverses the potential positive momentum.

More specifically, in the first session of the week, the General Index is down a subtle 0.16% to 1,481.64 points, losing about 2.5 points compared to Friday's close (1,484.06 points).

On the board, Ellaktor's shares are now soaring more than 2.5%, thanks to a generous capital return of 0.50 euros per share. And Titan is making a new effort to reach 32 euros, while controlled pressure is being exerted on Motor Oil, which is losing around 1.5%.

The banking index is digesting recent 8-year highs, retracing -0.46% and 1,284 points, pending new Q1 results.

Eurobank shares retreat to -0.72% and EUR 2.064, National Bank shares fall to -0.67% and EUR 8.046, Alpha Bank shares are limited to -0.40% and EUR 1.6375; and Piraeus shares are unchanged at EUR 3.86.

In the high-cap index (-0.34% and 3,586 points), Hellaktor shares climb +2.6% and 2.7 euros, with Elvahalkor and Quest shares following more than 1%. Titan's shares, meanwhile, gain 0.9% and approach 32 euros. On the other hand, shares of Autohellas, GEK Terna, Sarantis and Motor Oil are losing at least 1%.

As for the mid-cap index (-0.07% and 2,390 points), Austriacard's shares stand out negatively at -1.1% and 6.2 euros, while the shares of Techniki Olympiaki also show losses of more than 1%. On the other hand, Lavipharm's shares widen to +1.2% and 0.8 euros. Dimand and EYATH follow at +0.7%.

READ ALSO