The Greek Deal.com
ATHENS STOCK EXCHANGE
Inability to react amid bank volatility
Today, 30/5, marked the end of yet another session of extreme volatility on the Athens Exchange. This session saw the sideways-bottomward movement persist for the third time in a row, highlighting the supports of 1,436 units (the 50-day average).
Sellers take the lead again
The Athens Stock Exchange gave in to sellers during the session, compounding yesterday's losses and appearing to lose 1,440 points, indicating that the reaction effort was ineffective.
Trying to contain last days losses
Athens Stock Exchange is trying to contain the liquidations of the previous days, with caution, however, remaining present, not allowing the recovery of the lost ground.
Up to 4% plunge in banks
Today, 29/5, the Athens Stock Exchange was engulfed in severe liquidations, and the domestic market saw its worst daily losses since April 16, or the previous 1.5 months.
Folding towards the 1,450 points
The Athens Stock Exchange is still experiencing liquidations as investors consolidate a portion of the year's substantial gains. As a result, the General Index is currently trading below the first supports, or 1,450 points, on the index.
Succumbing to banking pressures
Today, on May 28, the Athens Stock Exchange closed around 1,470 points, as sellers took control and drove the General Index down 2% from its previous peak of 1,502 points.
Βyers are taking the upper hand
It is evident that investors are not taking on more risk this week as they continue to absorb the recent highs of 1,502 points.
Stagnation reigns supreme, Coca - Cola stands out
The Greek market is still assimilating the gains and is just a breath away from the recent peaks of 1,502 points, having for the time being avoided the major correction.
Banks and OTE set the tone
Today, on July 27, the Athens Stock Exchange resumed trading in the 1,480 points range. During the first session of the new week, buyers managed to hold onto the "reins" for the most part, albeit with some difficulty.
Towards 1,500 points
Today (27/5), the Athens Stock Exchange is in steady positive territory as a result of investors making thoughtful purchases that have helped the market close to 1,500 points.
Trying to close again to 1,500 points
On the table is the continuation of profit-taking moves by traders, with an eye on results and corporate developments