Nervousness and electoral movements prevailed on the Athens Stock Exchange, the market stabilized around the 1090 zone, once again showing protection from intra-session pressure.

Turnover turned out to be significantly reduced from the levels of 120-150 million euros that we have become accustomed to since the beginning of the year, thus confirming the wait-and-see attitude on the part of investors, and not their tendency to flee, into a bearish session, as yesterday with an eye should be the results of the 2022 financial year listed companies that are announced for this period.

Thus, in the statistics of the meeting, the General Index closed with a fall of 0.14% to 1091.62 units, and the turnover amounted to 81.5 million euros. According to Merit Securities, support points are located at 1090 and 1033 points, and resistance points are located at 1197 and 1323 points.

The Large Cap Index fell 0.21% to 2640.49 while the Mid Cap Index closed at 1630.95 with a 0.05% loss.

Defenses against intra-session pressure reappeared, a mixed picture in banks and blue chips.

In non-banking blue chips, Biohalco, GEK TERNA, Mytilineos, TITAN and ELVALHalcor saw gains of over 1%, while, on the other hand, Coca-Cola closed down 2.63% and Aegean shed more 1%, PPC and Lamda Development.

The banking index fell by 0.28% to 837.01 points, while the Eurobank recorded a loss of 1.69%, Piraeus – 0.46%, but the National Bank recorded an increase of 0.97% and +0.33% Alfa – The bank is closed. The current bull run over the past four months has pushed up most company valuations, fueling the general optimism – and its side effects – that has been present in our troubled stock market for years, comments Petros Steriotis, chief executive of CIF.

A combination of good corporate principles, improved macroeconomic performance, accounting for known international risks, etc., he adds, this helps to support expectations for the valuation of at least the best listed stocks. In fact, there are names that seem to be left behind, but which will immediately fall on the “radar” of both fundamental and technically minded investors, Greek and foreign, private and institutional.

Those investors who continue to record losses in the context of years, more than a decade of AHA “adventurism” experience heightened satisfaction, perhaps even justification, but they do not know – and indeed, who knows? the upward plume of estimates will reach, he points out the analyst. On the other hand, the non-attendants of the rally may be trying to rationalize scenarios and chances for a correction – this is sure to happen sooner or later – in order to enter the stock markets from lower prices and in the hope of confirming a new move to records.

“The key,” according to Mr. Steriotis, especially in a stock market environment, is being cautious and abandoning the “get rich quick” logic. In the medium and long term, the importance and value lies in expanding the circle of investors who will “accept” the ASE years later without extremes and frivolity.