Mytileneos still leads the stock exchange today

by Alexandra Tombra

With Mytileneos again in the lead, the Athens Stock Exchange continues to rally today, leaving behind Monday’s correction and paving the way for levels above its recent peak of 1,327 points.

In particular, the general index recorded gains of 0.69% at 1324.93 points, while the turnover amounted to 12.5 million euros and the volume amounted to 3.4 million pieces. The FTSE 25 index also recorded an increase of 0.79% at 3217.56 points, while the banking index recorded gains of 0.76% at 1101.05 points.

The baton goes to the protagonists

Share of Mytilene seems unstoppable on the upward trajectory, daily breaching all-time highs and giving a signal to a market that was showing clear signs of fatigue around 1320 points. But after Monday’s strong correction, the market appears to have regrouped and is taking a higher look at the recent highs of 1327 points.

So, after a mini-spread of interest, the focus returns to the cap, where an informal battle of capitalization takes place between the parties. OTE’s underperformance, in relation to the OTE market, has pushed the former capitalization giant into third place (€6 billion), with Eurobank ‘upgraded’ to second place (€6.1 billion), mainly capturing outperformance to date and prospects for full release. from the Financial Stability Fund. However, OPAP (€5.9 billion) is also close in terms of capitalization, as is Ethniki (€5.7 billion).

Technically now, the market is targeting the 2014 high of 1,379 for starters, with the trend very strong. The FTSE 25 has set its sights on the 3255-3275 area, as it is a key resistance, with consolidation likely to give a push to 3350. The bank has 1137 points as the next closing resistance, while the next big target is 1250 points.

on the dashboard

On the board now, Mytileneos is posting a 3.07% gain, with Ellaktor at +2.20%. More than 1% is the earnings at Autohellas, Biohalco, Piraeus, Cenergy, Terna Energy, Alpha Bank and OTE.

Jumbo, Aegean, PPC, Sarantis, Quest, OPAP, ELHA, Ethniki, Eurobank, Motor Oil and Lambda move slightly higher, while EYDAP, Hellenic Petroleum, Coca Cola and Titan have no change. GEK Terna is losing 0.14%.