Expect more … from the ECB the Stock Exchange

With two paragraphs and outlines, the European Central Bank tried to remove the worries about the fragmentation of the Eurozone, with the Athens Stock Exchange remaining above 830 points, but not developing the momentum needed to cover the lost ground of the previous days. .

In particular, the General Index records gains of 1.32% at 833.74 points, while the turnover is at 46 million euros and the volume at 18 million units. The FTSE 25 also recorded an increase of 1.55%, to 2,011.83 points, while the banking index gained 1.39% to 538.74 points.

The intervention came from the European Central Bank came today, but as everything shows buyers are still cautious until more details are available. The announcement was short, concise and concise: to prevent the fragmentation of the Eurozone and to strengthen the transmission mechanism of monetary policy.

In this context, the ECB will strengthen the flexibility to reinvest expired bonds in the PEPP portfolio (the pandemic bond market program, which includes Greece), and accelerate the creation of a new anti-fragmentation tool.

The ECB’s announcement, however, did not provide significant answers to the difficult equation it faces: raising interest rates, controlling inflation, not affecting government borrowing costs, nor halting growth. An equation for strong solvers, with history not in favor of monetary principles.

On the board

On the board now, Sarantis and OTE are gaining 4.69% and 4.45% respectively, with Coca Cola being at + 3.48%. The increase in Alpha Bank, Motor Oil, Jumbo and PPC is over 2%, with Ethniki being at + 1.81%.

Aegean, Lambda, PPA, Piraeus, Mytilineos, Viohalko, IPTO, OPAP, Hellenic Petroleum, ELHA and Eurobank are moving slightly upwards, with Ellactor not changing. On the other hand, EYDAP, Titan and Quest are moving slightly downwards, with Terna Energy being at -1.35% and GEK Terna at -2.09%.

Source: Capital

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