The Athens Stock Exchange managed to put its losses under control, which although it corrected, following the international turmoil, did not lose contact with the 950 units, nor, of course, the safety cushion from its close support.
In particular, the General Index closed with losses of 1.22% at 944.64 points, while today it moved between 942.66 points (-1.42%) and 953.22 points (-0.32%). The turnover amounted to 65.5 million euros and the volume to 25 million units, while 0.5 million units were traded through pre-agreed transactions.
The index of high capitalization closed with a fall of 1.38%, at 2,280.73 points, while at -1.52% Mid Cap completed the transactions at 1,564.11 points. The banking index closed with losses of 1.45% at 644.93 points.
Expected correction… Endurance test
After a dynamic start of the new year, the time has come for the correction in the Greek market, which coincided with the negative climate in the international markets. After all, the ATHEX needed a correction to very specific limits, in order to properly assimilate the seven-year highs, but also to improve the liquidity of the portfolios that endured the multi-month accumulation. It is, after all, a minimal “reward” after 14 positive meetings in the last 18.
Profit securities, but also corrective moves in an upward market are always welcomed by the long. 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. Besides, so far, the General Index does not seem to lose contact 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, Jumbo, Alpha Bank, Ellactor, Piraeus and OPAP closed with losses of more than 2%, while Lambda, OTE, Terna Energy, PPC, Mytilineos, Coca Cola, Eurobank and Quest closed above -1%.
GEK Terna, Titan, Ethniki and Viochalko closed slightly lower, while Motor Oil, Aegean, IPTO, Hellenic Petroleum, Sarantis and PPA closed slightly higher. EYDAP closed at + 2.01% and ELHA at + 2.79%.
.
External pressures for the correction were received by the Stock Exchange
The Athens Stock Exchange managed to put its losses under control, which although it corrected, following the international turmoil, did not lose contact with the 950 units, nor, of course, the safety cushion from its close support.
In particular, the General Index closed with losses of 1.22% at 944.64 points, while today it moved between 942.66 points (-1.42%) and 953.22 points (-0.32%). The turnover amounted to 65.5 million euros and the volume to 25 million units, while 0.5 million units were traded through pre-agreed transactions.
The index of high capitalization closed with a fall of 1.38%, at 2,280.73 points, while at -1.52% Mid Cap completed the transactions at 1,564.11 points. The banking index closed with losses of 1.45% at 644.93 points.
Expected correction… Endurance test
After a dynamic start of the new year, the time has come for the correction in the Greek market, which coincided with the negative climate in the international markets. After all, the ATHEX needed a correction to very specific limits, in order to properly assimilate the seven-year highs, but also to improve the liquidity of the portfolios that endured the multi-month accumulation. It is, after all, a minimal “reward” after 14 positive meetings in the last 18.
Profit securities, but also corrective moves in an upward market are always welcomed by the long. 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. Besides, so far, the General Index does not seem to lose contact 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, Jumbo, Alpha Bank, Ellactor, Piraeus and OPAP closed with losses of more than 2%, while Lambda, OTE, Terna Energy, PPC, Mytilineos, Coca Cola, Eurobank and Quest closed above -1%.
GEK Terna, Titan, Ethniki and Viochalko closed slightly lower, while Motor Oil, Aegean, IPTO, Hellenic Petroleum, Sarantis and PPA closed slightly higher. EYDAP closed at + 2.01% and ELHA at + 2.79%.
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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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