Positive attitude of waiting in the Stock Exchange

of Alexandra Tombra

Today, the Athens stock exchange is engaged in balancing exercises, which in the midst of divided signs is trying to keep the zone between 790 – 800 units, without attempting to overturn the negative weekly sign.

In particular, the General Index registers gains of 0.35% at 799.17 points, while the turnover is at 15.3 million euros and the volume at 5.9 million pieces. The FTSE 25 also recorded gains of 0.31%, at 1,911.17 points, while the banking index increased by 1.08% at 457.58 points.

After three hours of trading, the blocks that have changed hands have not even reached 6 million, indicative of the caution that prevails in a market that has many open fronts and a lot of uncertainty ahead. After all, the coming week is critical for many investors, due to the meeting of the European Central Bank. In fact, Citigroup emphasized that the increased risk of recession in the Eurozone due to the worsening of the energy crisis, combined with the new political crisis in Italy, is expected to lead to a much more aggressive tightening of monetary policy in the short term.

So the week ends without having added much to the uncertain landscape that has taken shape both on the monetary policy front and on the energy crisis front. And as has been pointed out many times by the column, no one knows what will be the impact of the international uncertainties both on the Greek economy and on the performances of the listed companies in the coming quarters.

Today, Goldman Sachs tried to answer the above, stressing that the degree of macroeconomic uncertainty has increased in the last three months in Greece. Greek inflation accelerated to 12% in June 2022 (from 11%/10% in May/April) while consensus estimates for GDP fell to 3%/3% for 2022/2023 (from 4%-5% /3.5% at the beginning of the year).

On the dashboard

On the scoreboard now, ELHA scores a profit of 3.77%, with Piraeus at +2.77% and Lambda, Quest, Biohalko, Ethniki and PPC following with an increase of more than 1%. Alpha Bank, Terna Energy, OTE, Eurobank, Coca Cola, Sarantis and Jumbo are moving slightly upwards.

On the other hand, Mytileneos and Aegean recorded losses of 1.35% and 1.24% respectively, with Hellenic Petroleum, OPAP, Titan, GEK Terna, Motor Oil, Ellactor and ADMIE following with small losses. EYDAP and PPA have not changed.