Exchange: Waiting attitude in the high 17 years with a look at banks and IPTOs

Stabilizing trading in line with the reservations of other markets - Support from deescalation in oil prices, but also trends in profit registration

Measured movements and stabilizing trends are observed on the Stock Exchange today Athens, which is in line with the more general cautious climate in international markets. Although the Greek market is moving in successively high 17 years (November 2009 levels), supported by the recession of geopolitical risk and the reduction of energy costs, the need to restructure portfolios is evident.

In particular, at Wednesday's (17/6) the General Index is marginally strengthened by +0.01% and negotiates at 2.475.68 units, having moved so far between 2.472.91 (low day) and 2.485.12 units (high day). As several securities are at technically over-marketed levels, it is considered very likely that some investors will proceed to selective liquidations to secure profits (profit taking), which may temporarily halt the strong upward dynamics of recent days.

The international climate is positively affected by the ongoing downward trend in oil prices, ahead of the official signatures for the US-Iran peace agreement that will "seal" the full opening of the Straits of Hormuz. The reduction in energy prices offers considerable support for risk taking and eases inflationary concerns.