Movements around 810 units on the Stock Exchange

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The Athens Stock Exchange is moving with small gains today, showing more of a mild reaction after the fall of the last few days, which brought the General Index to a low of almost three months.

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In particular, the General Index registers gains of 0.21% at 812.05 points, while the turnover is at 5 million euros and the volume at 1.7 million pieces. An increase of 0.46% was recorded by the FTSE 25, at 1,951.08 points, while the banking index gained 0.79% at 501.72 points.

Movements around 810 units on the Stock Exchange

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Since June 21, the Stock Exchange has recorded only one bullish session, on the 28th of the month, and that one with a rise of just 0.09%. So from 840 points and expectations for a recovery of 850 points, the way to a test of 800 points is now open, with buyers still unconvinced of the attractiveness of valuations.

Of course, when the European markets come from a six-month period where losses reached 20%, the Greek market cannot have higher expectations that it can significantly differentiate itself from this climate. After all, no one still has a detailed picture of how the listed companies have been affected by the rise in borrowing costs, as well as by the energy crisis that has been brewing since the beginning of the year. The only thing that is certain is that the profit margins and valuations of the energy-intensive sectors of the Stock Exchange are directly affected by the fear of recession and high oil prices.

However, there are not a few domestic analysts who believe that the Stock Exchange performed better than expected during this difficult half-year. The General Index closed down 9.28%, the FTSE 25 lost 9.60% while the banking index lost more than 13.4%. Of course, the index that came under the most pressure was that of mid-caps, as it lost 14.47%.

On the dashboard

On the board now, Coca Cola scores a gain of 2.11%, with Aegean, ADMIE, Alpha Bank, Mytileneos, OPAP, EYDAP and ELHA following with an increase of more than 1%. Slight gains are also noted by Ethniki, PPC, GEK Terna, Motor Oil, Eurobank and Piraeus.

On the other hand, Sarantis loses 2.88%, with OTE at -2.84% due to a dividend cut. Above 1% are losses in Hellenic Petroleum and Biohalco, with Titan, Jumbo, PPA and Terna Energy also in negative territory. Ellaktor and Quest are unchanged.

Source: Capital

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