The General Index of ASE moves into positive territory on thin turnover on Tuesday, as the domestic market still focuses on the upcoming European Union Summit on Thursday.
Pegasus Securities expects the trading to move in an environment of low turnover and nervous fluctuations, as the news flow has not changed substantially. The market show encouraging signs during the last two sessions, but lacked the endurance to end on positive grounds.
The market maintains a waiting stance ahead of the very crucial European Union Summit, with all expectations invested on a comprehensive solution to the European debt crisis, said Pegasus.
Technically, Pegasus expects the GI to trade in the 1,200 - 1,165 units, which consist today΄s 2nd resistance and the GI΄s 14-year low levels respectively.
On the board, the General Index is at 1,186.94 units with profits of 1.30%. The turnover stands at €21 million, while a total amount of 74 shares rise, 31 decline and 34 remain unchanged.
Banks lead the rise with gains of 2.70%, at 819.51 units. Bank of Cyprus jumps by 6.37%, while Piraeus Bank, National Bank and Marfin Popular Bank rise by 2.59%, 2.38% and 2.04% respectively.
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