The Athens Stock Exchange is currently moving with significant support from the banking sector, which, although it does not proceed with a clearer move, manages to remain above the resistance of 905 units and in any case above the support of 900 units.
In particular, the General Index records gains of 0.01% at 905.81 points, while the turnover is at 28 million euros and the volume at 12.2 million units. The FTSE 25 also rose 0.12% to 2,179.23 points, while the banking index rose 1.43% to 590.16 points.
The banking sector, after several days of introversion, has now given the upward movement that the market needed at least to support the levels, if not to lead the general index to higher levels. And in a complex international and domestic environment, these supports can prove invaluable, especially as the latest data on inflation in the Eurozone have created a difficult bet for the European Central Bank.
What has been pointed out many times recently by domestic analysts is that Greece is in the protection net of the ECB due to the securities market program due to the pandemic. If this program, PEPP, disappears then the Greek bonds will be in free market conditions, with the most probable scenario being that of a deterioration of their image. Of course, although the head of the ECB, C. Lagarde, has confirmed that she will not leave vulnerable countries, such as Greece, unprotected, the historically high December inflation in the Eurozone (5%) may narrow the ECB’s monetary flexibility. .
Thus, until the ECB clarifies its position on this front, caution is likely to remain for Greek assets, which are clearly vulnerable to any external turmoil, but also the emergence of obstacles to internal recovery. It is also affected by the ever-deteriorating epidemiological picture of the community, as it can at any time impose restrictive measures on economic activity.
On the board
On the board now, GEK Terna and Jumbo record losses of 1.35% and 1.23% respectively, while Ellactor, Lambda, IPTO, Coca Cola, Terna Energy, ELHA, Viohalko, Quest, PPC, OPAP, M are moving slightly down. and OTE.
On the other hand, Alpha Bank wins 2.05%, with NBG, Eurobank and Titan following with gains of more than 1%. Sarantis, Hellenic Petroleum, Motor Oil, Aegean and Piraeus are moving slightly upwards. The PPA and EYDAP are unchanged.
.
Bank supports the Stock Exchange
The Athens Stock Exchange is currently moving with significant support from the banking sector, which, although it does not proceed with a clearer move, manages to remain above the resistance of 905 units and in any case above the support of 900 units.
In particular, the General Index records gains of 0.01% at 905.81 points, while the turnover is at 28 million euros and the volume at 12.2 million units. The FTSE 25 also rose 0.12% to 2,179.23 points, while the banking index rose 1.43% to 590.16 points.
The banking sector, after several days of introversion, has now given the upward movement that the market needed at least to support the levels, if not to lead the general index to higher levels. And in a complex international and domestic environment, these supports can prove invaluable, especially as the latest data on inflation in the Eurozone have created a difficult bet for the European Central Bank.
What has been pointed out many times recently by domestic analysts is that Greece is in the protection net of the ECB due to the securities market program due to the pandemic. If this program, PEPP, disappears then the Greek bonds will be in free market conditions, with the most probable scenario being that of a deterioration of their image. Of course, although the head of the ECB, C. Lagarde, has confirmed that she will not leave vulnerable countries, such as Greece, unprotected, the historically high December inflation in the Eurozone (5%) may narrow the ECB’s monetary flexibility. .
Thus, until the ECB clarifies its position on this front, caution is likely to remain for Greek assets, which are clearly vulnerable to any external turmoil, but also the emergence of obstacles to internal recovery. It is also affected by the ever-deteriorating epidemiological picture of the community, as it can at any time impose restrictive measures on economic activity.
On the board
On the board now, GEK Terna and Jumbo record losses of 1.35% and 1.23% respectively, while Ellactor, Lambda, IPTO, Coca Cola, Terna Energy, ELHA, Viohalko, Quest, PPC, OPAP, M are moving slightly down. and OTE.
On the other hand, Alpha Bank wins 2.05%, with NBG, Eurobank and Titan following with gains of more than 1%. Sarantis, Hellenic Petroleum, Motor Oil, Aegean and Piraeus are moving slightly upwards. The PPA and EYDAP are unchanged.
.
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
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