The Athens Stock Exchange moved with some nervousness, which in the second session was not able to “conquer” 1000 units. The approach of this level and the significant increase in the last interval activated the sellers, which was expected and perhaps even necessary in order for the market to take the next big step.

According to domestic analysts, in the next period, corporate results will determine the situation on the markets, since a significant slowdown in the economy in many cases will affect operating profit margins, despite all revaluations.

In A.A. Today Mytilineos lifts the curtain on its full-year corporate results, while interest is focused on the country’s rating from Fitch on Friday.

The overall index closed flat at -0.01% and at 993.86 points, with a turnover of 81.52 million euros.

The Large Cap Index closed down 0.35% to 2398.21 points, while the Mid Cap Index closed up slightly 0.03% to 1524.57 points.

At the second meeting in a row, A.A. he failed to overcome the barrier of 1000 units.

Among non-bank blue chips, Titan stands out with a 6.66% gain, followed by Aegean and HELLENiQ ENERGY with over 2% gains, and GEK TERNA and Quest with over 1% gains. On the other hand, losses of over 2% were recorded by ELVALHalcor, Sarantis and Viochalco, while losses of over 1% were recorded by Ellactor, Motor Oil, OLP and TERNA Energy.

The banking index performed the worst with a 1.04% drop to 728.34 points, with Piraeus standing out up 2.08% while Alfa Bank recorded a loss of 1.91%, the National Bank closed at – 1.56%, and Eurobank – by -1.2%.

The psychological level of 1000 points has so far “frightened” buyers, while critical technical resistances are held at 1015 points (61.8% of the fall of 2014-2016) and higher at 1045 points, according to Whitetip Investments technical analyst Nicholas Petrakis. The general index capped its correction at 970 support, confirming the short-term market trend and breaking up long-term resistance.

The characteristics of a bull market may be obvious, but the overall index shows an overbought picture, according to Mr. Petrakis. Markets with the characteristics he points out show placements in possible corrections with the most important supports at 970 and 955 forming.

However, according to Pantelakis Securities, there is still a long way to go before Greek shares rise as the story of the Greek market has changed significantly from the past, mainly due to a strong economy, a stable political environment, stronger profitability of listed companies, attractive capital valuation and a strong public debt profile that remains much more resilient than it appears, eliminating refinancing risks. In addition, Greece is just one notch below investment grade for the first time in 12 years, which is a major catalyst for AXA, according to the exchange.