Inflationary shock also hits the Stock Market

LAST UPDATE: 15:52

The attempt of the Athens Stock Exchange to break the resistance of 800 – 805 units fell into the gap… of American inflation, as as soon as the size was announced in the USA, from 807 units it was below 800 units.

In particular, the General Index registers gains of 0.41% at 797.88 points, while the turnover is at 28.8 million euros and the volume at 14.1 million pieces. The FTSE 25 also recorded gains of 0.42%, at 1,906.60 points, while the banking index lost 1.35% at 458.68 points.

Although the ASE had managed to overcome the banking freeze, ultimately the negative international climate aggravated by the US inflation data does not leave it unaffected. Of course, it has the help of the indices Coca Cola and OTE, but also the recovery of PPC and Quest, which are in fact leading the reaction, however it is difficult to differentiate it from the international decline.

Of course, especially the last two titles have recorded significant losses in the last two months in order to be able to manifest some reaction which is primarily of duration, which is the purpose of a market that remains close to the lowest levels of the year. In any case, even today’s move is welcome, although it carries a high degree of risk, particularly if US inflation data causes a new wave of market turmoil.

However, what is pointed out by a stock exchange source at Capital.gr, is that the AXA may be a small regional market, which is extremely vulnerable to external shocks, but it may offer some diversification opportunities, as it is one of the few economies that the recession rather he won’t touch her this year. Of course, the degree of uncertainty is very high, especially regarding the market in July, as the first insight into Russian intentions regarding Nord Stream will also be given.

On the dashboard

On the board now, Piraeus loses 3.82%, with Alpha Bank at -2.09%, while more than 1% is the fall in Lambda, ELHA, Sarantis, Ethniki, Titan, Aegean, Mytileneos, Eurobank and Greek petroleum.

On the contrary, Quest gains 3.21%, with PPC, Jumbo and ADMIE following with an increase of more than 2%. Above +1% are Motor Oil, Coca Cola, OTE and OPAP, while GEK Terna is moving slightly upwards.