Nervousness in the Stock Exchange

LAST UPDATE: 15:47

With the banking sector under pressure, the Athens Stock Exchange is slipping into negative territory again, now heading towards the psychological limit of 850 points.

In particular, the General Index records losses of 0.41% at 855.65 points, while the turnover is at 67 million euros and the volume at 24 million units. The FTSE 25 also recorded a drop of 0.09%, to 2,065.82 points, while the banking index lost 0.85% to 573.43 points.

JP Morgan may have once again given a vote of confidence to Greek banks, but the sellers on the board have a different view, now putting pressure on the industry. Of course, the general index has some support from heavyweights, such as Coca Cola, but it can not hold the upward momentum that showed in the first hours of the session.

This is because the degree of risk has now risen sharply, with the Greek ten-year bond now approaching even the 3.6% zone, indicative of the folding of many funds into safer assets. As the certified analyst Petros Steriotis points out today, persistently high inflation measurements in the Eurozone increase market estimates for a rise in intervention rates to positive ground, which has a strong negative impact on Greek government and corporate bonds and to domestic consumers and businesses.

According to him, the continuing concerns about the “abnormal landing” of global growth, which have led the Nasdaq to a one-year low, could not leave the ATHEX unaffected, with the DG moving to a low of “just” 6 weeks. Unfortunate is the international situation for Athens Avenue, which could not fully capitalize on positive catalysts, such as the remarkable announcements of profitability and dividends from several listed companies, the inflows due to the long-awaited changes in the MSCI indices and the optimism for its dynamics.

On the board

On the board now Terna Energy loses 4.66%, with Piraeus following with -3.41% and Quest, GEK Terna and Lambda following with losses of more than 2%. Motor Oil, Alpha Bank, Viohalko and PPA are moving above -1%, while PPC, Ethniki, Ellaktor and Eurobank are moving slightly down.

On the other hand, Jumbo gains 3.07%, Sarantis and Coca Cola strengthen by 2.77% and 2.47% respectively, while Hellenic Petroleum gains 1.47%. Aegean, ELA, OTE, Titan, EYDAP, OPAP and Mytilineos are moving slightly upwards.