The General Index of ASE moves between profits and losses across 1,300 units on Monday, in the wake of the Eurogroup’s approval for the disbursement of the fifth loan instalment to Greece.
This decision seems to remove the short-term risk, said Marfin Analysis in a report, adding that the domestic market could reiterate last week’s momentum.
Pegasus Securities comments that the four consecutive upward sessions may increase the short-term profit moves, limiting the force of bid-side interest at today’s meeting.
With the US markets being closed today, Pegasus expects the domestic General Index to be influenced by the course of EU Indices, moving mostly in stability.
Technically, it notes that for the General Index not to lose its ascending dynamic, today΄s session must not acquire the characteristics of a generic sell-off, with trading volume remaining, ideally, low and the GI not losing the simple 30-days moving average levels (1,270 units) at any point during the day.
On the board, the General Index is at 1,313.20 units, with profits of 0.36%, moving into a margin of 19 units. The turnover stands at €40m, while a total amount of 64 shares rise, 44 decline and 44 remain unchanged.
Banks are at 1,042.45 units, up 1.26%. ATEBank jumps by 26.5%, while National Bank and Alpha Bank rise by 0.96% and 0.82% respectively. Bank of Cyprus and Hellenic Postbank decline by 0.47% and 0.34% respectively.
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