Banking pressures on the stock market have returned

The Athens Stock Exchange is moving with significant losses today, which after yesterday’s upward reaction, returns to the downward trajectory that has triggered the breaking of the supports.

In particular, the General Index records losses of 1.40% at 827.18 points, while the turnover is at 8 million euros and the volume at 3 million units. The FTSE 25 also fell 1.60% to 1,995.84 points, while the banking index lost 2.79% to 531.15 points.

The ATHEX is clearly on a downward trajectory after the downward break of 850 and 830 points, with the next supports being at 800 points and then at the lows of last March. This scenario remains in force as long as the climate in the European markets is negative, amid ambiguous messages from central banks.

As the column pointed out yesterday, the decision of the European Central Bank to create a new tool to curb the borrowing costs of European governments, although welcomed, the lack of clarity does not help to act as a bulwark in market turmoil. Thus, after yesterday’s reaction, the second thought of the ECB decisions now brings pressure here and there.

After all, as stock market sources comment on Capital.gr, the ECB has two negative histories. One is the delay in responding to the debt crisis of the last decade and the other is the legal restrictions that exist from what is provided for in its treaty. In other words, if the ECB creates a new tool that can raise legal challenges, then it is likely that market turmoil will intensify.

On the board

On the board now, Ethniki, PPC, Piraeus, Eurobank and Alpha Bank record losses of more than 3%, with Jumbo at -2.02%. More than 1% is the fall in Lambda, OPAP, ELHA, OTE, IPTO, Hellenic Petroleum, EYDAP, PPA and Mytilineos.

Motor Oil, Titan, Aegean, Coca Cola, Ellaktor and GEK Terna are moving slightly downwards, with Biochalko unchanged. On the other hand, Quest and Terna Energeiaki are moving positively, while Sarantis is gaining 1.83%.