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 to take a clear lead over sellers, maintaining a slight upward trend amidst external positive sentiment.

The Athens Stock Exchange is currently facing volatility, with buyers finding it challenging to gain a definitive advantage over sellers. The market hovers around 2,350 points, having corrected from recent peaks of 2,407 points, the highest since December 2009, due to various factors that have been analyzed further in the article. Despite this fluctuation, the overall positive external market sentiment allows buyers to remain vigilant, preventing a drop towards the 2,300 points support level, and keeping this year's performance in double-digit growth.

In today's trading session, the General Index has recorded a slight increase of 0.41%, reaching 2,355.35 points, which is about 10 points higher than Wednesday's close of 2,345.71 points. The daily fluctuation range is reported at eight points (ranging from 2,348.61 to 2,356.41 points), with transaction turnover hovering around 10.7 million euros. This sustained performance illustrates resilience in the Athens market, bolstered by positive external factors that are encouraging buyer activity despite the overarching volatility.

The dynamics of the current trading environment suggest that while challenges persist in establishing a strong buying momentum, the market's ability to maintain position reflects broader economic conditions. The article notes that the ongoing market activity demonstrates a cautious optimism among investors, indicating potential for further growth amid the complexities of the financial landscape. Understanding these trends could be critical for stakeholders as they navigate their strategies in the Greek stock market in the coming weeks.

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