From the high + 1.67% to the … low -1.32% the Stock Exchange

From + 1.67% to … -1.32%, the Athens Stock Exchange was finally found today, which with the great climate change confirmed that the confidence and willingness of investors to take risks are almost absent.

In particular, the general index closed with a fall of 1.32% to 888.47 points, while today it moved between 915.37 points (+ 1.67%) and 888.43 points (-1.32%). The turnover amounted to 72.7 million euros and the volume to 23.6 million units, while 1.7 million units were traded through pre-agreed transactions.

The high capitalization index closed with a fall of 1.42%, at 2,150.20 points, while at -1.38% Mid Cap completed the transactions at 1,438.23 points. The banking index closed with losses of 2% at 610.87 points.

The climate on the ATHEX can only be described as fragile, as the outbreaks that caused the recent market downturn have not only not disappeared, but also persist to cause significant side effects. One of the biggest of these, of course, is inflation, with the Commission’s latest recommendations on Russian oil threatening a new boost in energy costs.

Thus, the general index may have tried today to break through the first significant resistance of 916 points, but this effort triggered the fold of buyers and several release moves. And in the second test the zone of 897-900 units broke, with the market now paving the way for a move to 871 units.

Uncertainty is now reflected in the rise in the yield of the Greek ten-year bond, which has been trading since the beginning of the month with a yield of 3.3% to 3.45%. And this even after the revelation of Capital.gr that according to sources, the ECB is going to activate a new tool for smoothing the spreads.

This mechanism targets mainly the bonds of the indebted South, ie in Greece, where there is a greater risk of speculation and increase in spreads. That is, it will intervene where and when the spreads are not justified by the fiscal and basic sizes of the economies.

On the board

On the board now, Quest from breakfast + 3.72% closed at -5.20%, with Ethniki, Jumbo, Mytilineo and Lambda closing with losses of more than 3%. The fall in Alpha Bank, PPC, OTE. Hellenic Petroleum and Piraeus exceeded 1%.

Titan, IPTO, Eurobank, GEK Terna, Terna Energy, OPAP, Sarantis and PPA closed slightly lower, while ELHA and Aegean closed unchanged. On the other hand, Coca Cola, EYDAP and Ellactor closed slightly higher, with Viohalco closing at + 1.01% and Motor Oil at + 3.27%.