ATHEX – Pressures are mounting

The sellers are now holding the reins of today’s session on the Athens Stock Exchange, which, although it is trying hard to absorb the pressures, the fall of the majority of indexes leaves no room to stop the already two-day falling series.

The General Index now lands at 913.96 points with losses of 0.45%, from the levels of 931 points found just the last day of August.

However, in addition to the negative image of the market, especially in the last two hours, what is pointed out by domestic analysts is more the absence of buyers at these levels and less the power of sellers or those who want to encapsulate part of the strong profits of August.

After all, the levels that the market has been moving in the last ten days are not only high this year (as for the last 19 months at 930 points), but they are also the ones that have put a stop to the long traders in the last four months. Therefore, in order to strengthen the willingness to take higher risks, the positive catalysts must be strong, in order to improve the investment confidence.

At the level of titles now, with only 40 positives and 73 negatives, the final market picture could not be good.

In fact, in the high capitalization, the strongly declining movement of OPAP (-2.41%) is followed by the index-heavy Coca Cola HBC with -1%, but also EYDAP (-1.06%) and GEK Terna (-1.42%) .

Lambda, Terna Energy, HELEX, Jumbo, Eurobank, Piraeus, Mytilineos, ELHA, Titan, Alpha Bank, PPA, OTE and Hellenic Petroleum are also declining.

Motor Oil, PPC, Sarantis, Ethniki, Aegean and Ellactor are trying to raise defenses with positive signs.