Athens Stock Exchange: Corrective dispositions

Strong pressures from a portion of securities, with weak defenses, is the picture displayed today by the Greek stock market, which is now struggling to absorb sales and keep the levels of 1,070 units. The general index recorded losses of 0.69% at 1,067.46 points, with the turnover at 35 million euros.

As expected, the Motor Oil share is in the spotlight, as from March 1st it will be the tenth title that will make up the MSCI Standard Greece index and will receive the corresponding inflows from the index truck funds. However, as the list of Greek securities included in the MSCI indices grows, the interest of foreigners will, if nothing else, increase.

But what domestic analysts point out is that sooner or later the market will need to make some corrections, which so far have been limited to a few hours of the day. These corrections may be quick and “crazy”, as happens in upward phases, such as the one the ASE is going through.

The picture on the board

At the securities level, GEK Terna, Terna Energy, Lambda, Sarantis, Viohalko, Quest, Alpha Bank, EYDAP and Piraeus Bank are at the center of pressure. Autohellas, Hellenic Petroleum, PPA, Titan, Ellaktor, Coca Cola, Eurobank, Jumbo, PPC, ELHA and OTE are moving down, while Aegean, Mytilineos, OPAP and National Bank are moving up. Motor Oil gains 2.23%.