Mild pressures on the Stock Exchange

LAST UPDATE: 12.10

After a half-hour swing around 895 points, the Athens Stock Exchange is under mild pressure from most of its stocks, as the dispositions to take further risk and move to 900 points are almost zero.

In particular, the General Index records losses of 0.30% at 890.94 points, while the turnover is at 7.3 million euros and the volume at 3.2 million units. The FTSE 25 also recorded a fall of 0.22%, to 2,144.14 points, while the banking index lost 0.43% to 574.05 points.

The market is not trying to change the image it has already formed for the year that is expiring today, with almost + 10% of the general index satisfying most portfolios. Of course, despite the nine-month accumulation and the absence of investment initiatives for higher levels, the market managed to keep some defenses in the turmoil caused by the new outbreak of the pandemic, but also to see with greater demands the long-marginalized medium capitalization.

Thus, if one leaves behind the performance of the “big” of Athens Avenue, one will see the “diamonds” that emerged in 2021 in the middle capitalization, the index of which records profits that reach almost 35%. A performance that surpasses even the best returns offered by major European indices, and which in no way can be described as profitable, in the sense of short-term moves.

In such a context, although 2021 leaves a bittersweet taste, a multi-month accumulation period that has taken place since April and then with repeated unsuccessful attempts to exceed 900 points, have cultivated the expectations that the general index can give in 2022 the coveted upward escape to 1,000 units. However, the current mutation will need to be overcome and another one will not emerge that will again raise doubts about the pace of recovery. The ATHEX, after all, is known for its great sensitivity to external shocks, due to its shallowness.

On the board

On the board now, PPA records losses of 2.09%, with Ethniki, Sarantis and Piraeus following with a drop of more than 1%. OTE, Terna Energeiaki, GEK Terna, Mytilineos, Ellactor, Biochalko, Hellenic Petroleum, Titan, Motor Oil, Eurobank, Quest and Lambda are moving slightly down.

On the other hand, PPC, Coca Cola, Alpha Bank, Aegean, Jumbo and EYDAP are moving slightly upwards, while OPAP, ELHA and IPTO are unchanged.