Balance exercises after the ‘dive’ in the Stock Exchange

The Athens Stock Exchange is trying to stop the falling series in the new week, which is trying harder to find its balance after two consecutive falling weeks and its landing at a low of almost two months.

In particular, the General Index records gains of 0.06% at 867.28 points, while the turnover is at 8 million euros and the volume at 3 million units. The FTSE 25 also fell 0.60% to 2,078.39 points, while the banking index fell 0.28% to 581.65 points.

The ATHEX is following the declining course of international markets, although it has tried hard to follow its own autonomous course. According to Ilias Zacharakis of Fast Finance, a little bit of fear for the world entering a recessionary trajectory, a little bit of the statements that we will not see changes in MSCI, a little bit of fear for the continuation without war light but also the important problem of China, gave the reason to see significant pressures on the market as a whole.

In the week that opens, the dance of quarterly results will begin, now containing part of the data from the waters of the war. The big news was the achievement of the big deal between Motor Oil and the main shareholder of Ellaktora, which after a while gave a solution to the Group’s administrative problem, leaving open accounts for a new deal in the near future.

The truth is that we have entered a difficult period for the world economy with Greece being in a different phase since after many difficult years of recession it has entered a growth trajectory. This fact alone is very important as the results of the companies will be able to justify higher valuations. The next 15 days will clarify what will be born in relation to the payment of gas in Russia. Prices in the markets will also depend on the result. Inflation can affect growth worldwide, however, energy and consumer goods will continue to have their place of honor, adds Mr. Zacharakis.

On the board

On the board now, Ellactor returns to trading with a jump of 13.21%, with OTE, Alpha Bank, Terna Energy, Lambda and IPTO following with small profits. Motor Oil also returned to trading today, recording losses of 3.74%.

On the other hand, Aegean loses 2.12%, with Jumbo, Hellenic Petroleum, GEK Terna, Viohalko, PPC, Mytilineos and Piraeus recording losses of more than 1%. Quest, Eurobank, OPAP, Sarantis, PPA, Coca Cola, Titan, ELHA, EYDAP and Ethniki are moving slightly downwards.