Feb 12 β€’ 08:44 UTC πŸ‡¬πŸ‡· Greece Naftemporiki

Stock Exchange: Upward movement with... weights

The Athens Stock Exchange experiences volatility as buyers struggle against sellers, while maintaining a focus on critical support levels.

Today's session on the Athens Stock Exchange has been marked by volatility, as buyers are facing difficulties in gaining a clear advantage over sellers. The Greek market is currently hovering around the 2,350-point mark, having corrected from a recent peak of 2,407 points, which was the highest since December 2009. Despite this correction, buyers remain vigilant, preventing the market from falling below significant support levels of 2,300 points and maintaining positive yearly performance above 10%.

In today's trading, the General Index has noted a small increase of +0.41%, settling at 2,355.35 points, gaining approximately 10 points compared to Wednesday's close of 2,345.71 points. The day's trading fluctuations have ranged within eight points (from 2,348.61 to 2,356.41 points), with total transaction volume around 10.7 million euros. The positive movement indicates a cautious optimism among investors amidst the ongoing volatility in the marketplace.

On the trading board, key players such as Eurobank, Alpha Bank, and Piraeus Bank are influencing the overall market behavior. The current dynamics in the Athens Stock Exchange reflect broader economic concerns and investor strategies as they navigate a challenging economic landscape, highlighting the balance between buyer enthusiasm and seller pressure that characterizes today's market activity.

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