Declining, but in contact with the 950 units, the Stock Exchange

The Athens Stock Exchange is moving steadily downwards today, which is in line with the international negative climate created by the new rise in energy and oil costs, while the movements that secure profits of the previous two weeks are not missing.

In particular, the General Index records losses of 0.90% at 947.63 points, while the turnover is at 35.9 million euros and the volume at 12.9 million units. The FTSE 25 also recorded a fall of 1.01%, to 2,289.34 points, while the banking index lost 0.95% to 648.19 points.

Although almost 3/4 of the securities that have moved today are in negative territory, trading focuses on those that led to the rise of the market in the first two weeks of the year. And for many domestic analysts, this only shows “health” in a market that as long as it remains well above the support of 930 points maintains its upward trajectory.

Earnings, but also corrective moves in an uptrend are always welcomed by the long-term seekers who want to improve both their liquidity and their exposure, in order to maximize profit. So far, the General Index does not seem to be losing touch with the 950 points, while the banking index, which starred in the previous period, remains in the “safety zone” of 640-650 points.

Of course, in this picture one can not fail to take into account the fact that the international climate is extremely negative, with rising bond yields affecting investment moods. Excluding European bonds, the Greek 10-year yield rises to 1.62%, as the rise in oil has worsened inflation expectations, as well as the policy of the European Central Bank, which is highly supportive of Greek securities.

Of course, no one can ignore the fact that the ECB leadership has confirmed its intention to support Greek bonds, even if it completes the pandemic securities program, which will offer significant support to the end of the first quarter of the year. Buy.

On the board

On the board now, Lambda, OPAP, Alpha Bank, Mytilineos, OTE, PPC, Ellactor, Coca Cola and Jumbo are losing more than 1%, while Ethniki, Eurobank, Motor Oil, Quest, Terna Energeiaki, Piraeus are moving slightly down. GEK Terna, Aegean, Titan, Hellenic Petroleum and Sarantis.

On the other hand, EYDAP and ELHA record gains of 1.88% and 1.52% respectively, with PPA, Viohalco and IPTO following with a small increase not exceeding 0.7%.