‘Battle’ for the 800 units on the Stock Exchange with losses of more than 3.5%

LAST UPDATE 16:55

The General Index is now trying to maintain the 800 points, having collected a part of the morning losses that reached up to 4%, as the Greek market today integrates yesterday’s losses globally due to Net Monday, at a time when the European indices seem to show a positive reaction.

In particular, after reaching 788 points at the low of the day, the General Index made a move above 800 but now moves again to 792.03 points with a drop of 3.6% and an extremely high turnover of more than 126 million euros. The FTSE 25 is also down 3.8% and is moving at 1,896 points, while the banking is down 4.65% and is at 519 points.

As mentioned above, the Greek stock market, which started trading this week due to the holiday, opened the session with aggressive sales in line with yesterday’s movement of European markets.

In the process, however, defense stocks such as PPC and EYDAP went into positive territory, providing support to the DG, at a time when European indices are reacting upwards with gains in excess of 1.5%.

In any case, the pace of world markets is determined by the developments on the front of the Russia-Ukraine war, where military operations continue with undiminished intensity and without signs of de-escalation, intensifying the risk aversion at the international level.

As Vitalfinance’s Giannis Giaprakis comments, “The Net Monday holiday brought the pressure of yesterday’s global markets to ours with a delay of one day. The markets are destabilized and any forecast seems uncertain for the time being, although they are tested in the long run.”

According to him, “volatility and nervousness are expected to continue and any upward movement is currently perceived as a reaction to the main downward trend.”

At a technical level, the zone of 780 – 800 units is now considered critical, which shows that it is being tested today, while in the background, 750 units appear as long-term support.

On the board

Coca Cola and the bank securities gather for another meeting the most sales, with the first falling by 5.8%, followed by Piraeus with -5.6%, Eurobank with -5%, Alpha Bank with -4.17%.

Jumbo, which is trading at + 2%, EYDAP is up 0.6%, PPC is up 0.6% and TERNA Energy is up 0.3% from the beginning of the session.