Reaction after the dive in the Stock Exchange

of Alexandra Tombra

The Athens Stock Exchange is in a … hangover after the big fall, which is trying to return above 820 points, the last (weak) support before testing the 800 points.

In particular, the General Index records gains of 1.01% at 823.48 points, while the turnover is at 9 million euros and the volume at 4 million units. The FTSE 25 also recorded an increase of 0.93%, to 1,983.94 points, while the banking index gained 0.52% to 521.59 points.

It makes sense for the ATHEX to try to find its footing after this week’s big drop, but also to look for those supports that will prevent the test of 800 points. In other words, a project that is extremely difficult if one considers that many foreign portfolios have proceeded or are proceeding to divest from markets with high risk, such as the Greek one.

In fact, as Elias Zacharakis of Fast Finance notes, the sharp fluctuations of the market will continue depending on the events, but having with us the chances to see a long-term upward trend of both the economy and the stock market. GDP this year will certainly be affected by the war, however, after many years, the tools of the economy are many.

According to him, we now have banks, something that did not exist in previous years, since red loans have fallen to very low levels. We will definitely see some increase in them however they can not affect their big picture compared to previous years.

The only sure thing is that in the next period we will have significant upheavals but also opportunities for some to invest in good companies that show that they will significantly increase their size in the coming years.

On the board

On the board now, Terna Energeiaki jumps 6.93%, with GEK Terna being at + 3.98%, while Sarantis wins 1.90%. OTE, Alpha Bank, Coca Cola, Piraeus, IPTO, Mytilineos, Ethniki, Titan and OPAP are moving slightly upwards.

On the other hand, Quest recorded losses of 1.12%, with Eurobank, Motor Oil, Jumbo, Ellactor, Lambda, PPC, Hellenic Petroleum, Viohalko, ELHA, EYDAP, Aegean and PPA following with a small drop.