Stock market

New liquidations took place today on the Greek stock market, with banks and some blue chips taking center stage. Pressures intensified at the close, resulting in the General Index closing back at the day’s lows, losing critical support points such as 1,430 and 1,440.

 The Greek stock market struggled to withstand international pressure, concluding the first session of October with a downward trend. The domestic market exhibited sluggish movement, with stabilization trends dominating as investors awaited the completion of the National Bank’s placement.

The Greek stock market had its best session in a “deep” month today (23/9). After a sluggish start, buyers turned active with banks spearheading the rally, which gained more than +2%. In this way, the X.A. broke out of the “bottleneck” of 1,420-1,430 points, in which it had been “trapped”.

The Greek stock market is in “repression”, as evidenced by the stagnation picture it has shown this week. Traders settled for selective moves and stayed away from the high rhythms of the international markets. Athens did not “seize” the opportunity yesterday, when the major markets moved to record levels, and was left today to tune in to their corrective tendencies.

The Greek stock market, which shifted its tone following the ECB’s interest rate announcement, once again fell short of expectations. Although it initially aligned with global market trends, it eventually diverged, trailing behind the positive sentiment seen elsewhere.

The domestic market is reacting, after the 4-day downward streak that preceded it, which was a result of the lack of positive catalysts. In contrast to previous days, Athens is tuning in today (12/9) to the rally in international stock markets. The resurgence of buying interest is driven by Wall Street’s tech rally, as well as the boost provided to euro markets by the ECB’s monetary easing.

The inability of buyers to react showed today’s (10/9) third consecutive session of losses on the Greek stock market. Although initially the General Index had recovered above 1,440 points, sellers then took the reins again and led the market below 1,430 points.

The Greek stock market found itself in downward territory for the second consecutive day, falling back below 1,440 points, but keeping this critical threshold in close proximity. Athens failed to coordinate and went “against” the favorable sentiment of the international markets. Stabilizing trends on the board, with the General Index moving in a range of just 9 points.

Tuesday’s (3/9) session at the Athens Stock Exchange turned into a derby between buyers and sellers. The General Index was limited to a range of about 6 points, changing sign continuously.

The Greek stock market made a strong start to September, recording its third consecutive rise. The General Index closed at the highs of the day, with “heavyweights” on its side, which fell significantly in August, creating the right conditions for buyers to re-enter.