In the ‘red’ and at 850 points the Stock Exchange

of Alexandra Tombra

The Athens Stock Exchange is currently slipping to the level of 850 points, reflecting the extremely negative climate that prevails in the international markets, but also the energy uncertainty that prevails in Europe.

In particular, the General Index records losses of 0.74% at 856.25 points, while the turnover is at 4.5 million euros and the volume at 2 million units. The FTSE 25 also fell 0.72% to 2,057.27 points, while the banking index lost 1.48% to 562.95 points.

Inflation, war, energy crisis, world trade and monetary decisions are just some of the sources of uncertainty that have created a highly negative environment in all markets around the world. And clearly, when worldwide “red” is the new regularity, the ATHEX can only be affected by it.

Of course, as a stock market source in Capital.gr comments, the fact that the international climate is so negative is not the only reason for the weakness of the Greek market. But the fact that international developments have created significant obstacles to accelerate the recovery of the Greek economy is one of the main reasons for the weakness of the Greek market.

In fact, we will see the above in the results of listed companies in the coming quarters, and in any case in 2022, as energy costs, reduced demand and reduced confidence, will have a negative impact on business. Thus, while in the previous months the market was positioned based on the estimates for better profitability of the listed companies, now the portfolios will have to adjust to a perspective of lower performance.

On the board

On the board now, IPTO and Ethniki record losses of 3.64% and 3.04% respectively, while over 2% is the fall in Aegean, Hellenic Petroleum, Lambda, EYDAP, Alpha Bank, Eurobank, Motor Oil, PPC, Titan and GEK Terna.

The losses in ELHA, PPA, Viohalko, EYDAP, OTE, Mytilineos, Terna Energy and Sarantis exceed 1%, while OPAP, Coca Cola, Jumbo, Quest and Ellaktor are moving slightly downwards.