New dive with a turnover on the Athens Stock Exchange

LAST UPDATE: 14:52

The “account” of the damage caused to the Athens stock market by the turmoil on the front of Ukraine and on the front of the tightening of the Federal Reserve policy is increasing, with the General Index losing all 870 points.

In particular, the General Index records losses of 2.57% at 865.62 points, while the turnover is at 62 million euros and the volume at 21 million units. The FTSE 25 also fell 2.84% to 2,089.12 points, while the banking index fell 4.43% to 583.55 points.

When the world’s major markets are hit hard, then the regional and shallow ATHEX could not remain unaffected, despite the effort that has been throughout April. Now the question that judges the image of the market is if and when the sell off in international markets will stop, so that the confidence of foreigners in smaller markets, such as the Greek one, is restored at some point in the future.

After all, from a fundamental point of view, the measures of the consumer climate in the Eurozone are deteriorating, something that can not leave “unmoved” the foreign portfolios that are also active on the ATHEX. On this front, as stock market sources comment on Capital.gr, there are two options that reinforce the negative scenario: the first is clearly the vertical reduction of risk in non-investment grade economies (such as the Greek one) and the second is the return of large portfolios in their “parent” markets, to be placed after the correction of valuations.

Of course, in the above there is the opposite view in the Greek market, which points out that the ATHEX does not need large funds to make a difference and keep (even) the levels at which it has been trading for the last twelve months, ie from April 2020. If he manages to keep them, he will send the message that the “brilliant” course of the first two months of the year, that is, before the war, was not a speculative firework, but the result of the placement of quality and long-term portfolios.

On the board

On the board now, Eurobank is falling by 5.09%, with Mytilineo, Piraeus, GEK Terna and Ethniki following with losses of more than 4%. Alpha Bank, Coca Cola, PPC, Hellenic Petroleum, Titan, Aegean, Lambda, Viohalko, IPTO, OPAP, PPA and ELHA are moving above -3%.

Terna Energy, EYDAP, Sarantis and Jumbo record losses of more than 1%, while OTE and Quest hold positive ground with gains of 0.59% and 0.63% respectively.