Athens market moves in a declining mood on Monday following a five-session downward streak, as the General Internet slides off 1,500 units.
The underperforming trend of banks continues, while all titles of FTSE20 move in negative territory.
Guardian Trust Securities considers this week crucial for the Athens Stock Exchange, as the General Index faces two challenges: the support of the market at 1,520 units and the resistance at 1,700-1,750 units.
Last week was characterized by five downward sessions, which resulted the fall of General Index at 1,526.6 units, with cumulative losses of 5.89%. The market sentiment is negative and investors are generally pessimistic, according to Guardian Trust.
“In the absence of significant news flow and catalysts, ATHEX will most probably accumulate at current price levels with the risk though lying to the downside as deficit missing target and the speculation that this brings about, weigh negatively on investment community sentiment”, says
Marfin Analysis in its morning report. “Volumes are seen at the same, more or less, levels”.
Pegasus Securities expects the Athens market to slightly correct, at least during the start of the session, “with the GI΄s course thereinafter being determined by the willingness of bid-side interest to increase its positions at current levels”.
Across the board, the General Index is at 1,490.38, down 2.37% in a moderate turnover of €37m. A total amount of 121 shares decline, 15 rise and 24 remain unchanged.
Banks are at 1198.37, down 2.95%. Proton Bank falls by 9.86%, while Piraeus Bank, ATEbank and Hellenic Postbank decline by 4.32%, 4.29% and 4.18% respectively. Eurobank and Attica Bank post losses of 3.91% and 3.03% respectively, while Alpha, Marfin Popular and National Bank decline by more than 2%.
The underperforming trend of banks continues, while all titles of FTSE20 move in negative territory.
Guardian Trust Securities considers this week crucial for the Athens Stock Exchange, as the General Index faces two challenges: the support of the market at 1,520 units and the resistance at 1,700-1,750 units.
Last week was characterized by five downward sessions, which resulted the fall of General Index at 1,526.6 units, with cumulative losses of 5.89%. The market sentiment is negative and investors are generally pessimistic, according to Guardian Trust.
“In the absence of significant news flow and catalysts, ATHEX will most probably accumulate at current price levels with the risk though lying to the downside as deficit missing target and the speculation that this brings about, weigh negatively on investment community sentiment”, says
Marfin Analysis in its morning report. “Volumes are seen at the same, more or less, levels”.
Pegasus Securities expects the Athens market to slightly correct, at least during the start of the session, “with the GI΄s course thereinafter being determined by the willingness of bid-side interest to increase its positions at current levels”.
Across the board, the General Index is at 1,490.38, down 2.37% in a moderate turnover of €37m. A total amount of 121 shares decline, 15 rise and 24 remain unchanged.
Banks are at 1198.37, down 2.95%. Proton Bank falls by 9.86%, while Piraeus Bank, ATEbank and Hellenic Postbank decline by 4.32%, 4.29% and 4.18% respectively. Eurobank and Attica Bank post losses of 3.91% and 3.03% respectively, while Alpha, Marfin Popular and National Bank decline by more than 2%.
