In the midst of opposing forces the Stock Exchange

LAST UPDATE: 13.46

The Athens Stock Exchange is moving in the familiar pattern of the small corrective move after a day of rise, confirming the short-term nature of many portfolios and the absence of risk-taking.

In particular, the General Index records gains of 0.02% at 891.99 points, while the turnover is at 23.3 million euros and the volume at 6.4 million units. The FTSE 25 also recorded a fall of 0.02%, at 2,145.54 points, while the banking index gained 0.21% to 578.79 points.

The market wants to secure part of yesterday’s profits before moving above 893 points. It was a trend that was evident from the first minutes of today’s meeting, as is the case in the last days, especially since the day after the big fall on November 26.

As stock market sources comment on Capital.gr, if this image of the market was accompanied by better trading activity, then we would be talking about a healthy rise, which needs its necessary attitudes. However, the minefield that fuels the course of the Covid 19 pandemic does not leave much room for much optimism, as uncertainty remains high.

Of course, everything can change if the vaccines prove effective, as they did in the same period of 2020. Then, and only then, as BlackRock reports, will the new Omicron variant only delay the resumption and healing of economic activity, which means that any corrections in the markets will be significant opportunities for new placements. After all, as BlackRock typically notes, “less growth now means more growth later.”

Of course, this presupposes the support of the economy in case restrictive measures are taken, something that apparently the Eurozone would not approve. According to Capital.gr, the total escape clause may continue to apply in 2022, but the margins for new support measures are limited to what is absolutely necessary, with the burden falling on next year to reduce debt and deficits. Especially for the Member States with high debt, such as Greece.

Dashboard

On the board now, OTE, Titan and Ethniki keep the defenses in the market, with their profits over 1%, while Alpha Bank, Viohalko, Ellactor, Motor Oil, ELHA, Piraeus, PPC and Mytilineos are also moving slightly upwards.

On the other hand, the fall in EYDAP, Lambda and Terna Energeiaki is over 1%, while Jumbo, Eurobank, Coca Cola, HELEX, GEK Terna, PPA, Aegean and OPAP are moving slightly upwards. Sarantis, IPTO and Hellenic Petroleum are unchanged.