Pressures on the Stock Exchange persist

Losses on the Athens Stock Exchange are gradually increasing at the moment, with sellers confirming the short-term nature of the recent rise, but also the caution that remains due to the pandemic image of the country.

In particular, the General Index records losses of 0.41% at 904.36 points, while the turnover is at 15.3 million euros and the volume at 5.6 million units. The FTSE 25 is down 0.44% at 2,171.37 points, while the banking index is down 0.26% at 575.27 points.

The General Index does not seem to be able to hold the level of 905 points, as both the low transactions and the course of the pandemic in the country do not allow long-term exposure to risk. After all, the fact that tomorrow’s holiday is inserted, due to the feast of the Epiphany, leads several portfolios to encapsulate part of their profits, after the three-day rise.

The positive of the market, however, is that so far it shows some resistance to uncertainty, maintaining a small profit margin, indicative, according to analysts, of concentrating forces for a bigger move. Whether this will be positive or negative for the time being is the big question mark, but estimates tend to the first scenario.

Support and relief

So far, however, the picture of the pandemic spreading in the community may show strong signs of escalation, but these are not accompanied by hospitalization or death, with the market taking this as a reassuring sign. Also, according to information from Capital.gr, there are no expected new measures to limit economic activity, but decisions to extend the cycle of mandatory vaccinations and adjust the vaccination certificate.

At the same time, the government continues to selectively support the economy, with the recent planning wanting the exemption from the solidarity contribution and the dividends that will be distributed in 2022 and relate to the previous or previous years. This means that the dividends that will be approved by the regular general meetings in 2022 will not be subject to the special solidarity contribution, while the same applies to any dividends that were distributed in 2021 but will be approved in 2022.

On the board

On the board now, GEK Terna, PPC, Jumbo, EYDAP and Ethniki record losses of more than 1%, while Ellactor, Lambda, Viohalko, Sarantis, Terna Energy, Coca Cola, Aegean, Motor Oil, Alpha Bank are moving slightly downwards. and Greek Petroleum.

On the other hand, Quest jumps 2.20%, with ELHA at + 1.28%. Titan, PPA, IPTO, Mytilineos, Eurobank and Piraeus are moving slightly upwards, while OPAP has not changed.