Recession in the stock market with a background of international nervousness

LAST UPDATE 11:58

In line with the movement of international markets today, the Athens Stock Exchange returned to negative territory, as investors are cautiously awaiting developments in Ukraine and the Fed meeting, while securing part of the profits of the two-day uptrend.

In particular, the General Index is moving at 820.76 points, having reduced the losses to 1.2% (from the low of the day to 8.14.77 to -1.84%) and the turnover to low levels to 13.9 million. euro,

The FTSE 25 is down 1.28% and stands at 1,968 points, as is the banking “barometer” index of this period, which falls 1.8% to 559 points.

The data has not changed substantially, both domestically and internationally, with investors focusing on the front of the Russia-Ukraine war. Some signs of a diplomatic approach on Friday and the weekend revived global market optimism, but in the absence of a formal development, nervousness is making a comeback today.

In this climate, after Wall Street yesterday, the European indices are correcting with losses that no longer exceed 2%, while the international climate is further aggravated by the dip of the indices in China and Hong Kong after the imposition of new ones in its second largest economy. planet.

In particular, the German DAX moves with losses of 1.9%, the French CAC 40 loses 1.98% and the EuroStoxx 50 with – 2%, while the futures of the American market show losses below 0.5% for all three its key indicators.

Otherwise, the market expects at the end of the week the “verdict” of Moody’s and DBRS for the Greek debt, while the financial results of the banks continue with Piraeus Bank and to take the baton from Alpha Bank yesterday, while it will follow the National Bank.

At the same time, the two-day meeting of the US Federal Reserve begins today, during which it is expected to increase its interest rates in order to tame the frantic inflation, by 25 basis points, with the geopolitical developments having eliminated the possibility for a more aggressive move. .

The image on the dashboard

Elvalhalkor with + 2%, Aegean with + 1.55% and TERNA Energeiaki with + 1.45%, are the two titles that try to give support to the 25th, followed by ELPE with + 0.75% and o OTE with + 0.15%.

Alpha Bank recorded losses of 2.88%, the EIB fell by 1.86%, Piraeus by 1.41% and Eurobank by 0.78%.

In non-banking stocks, Lambda and Sarantis are under significant pressure and move at -2.9% and -2.4% respectively, GEK TERNA falls by 2.25% and the index Coca Cola and OPAP by 2.3% and 1 , 8% respectively.

Mytilineos is moving at -1.89%, PPC at -1.8% and Ellactor at -1.74%, while PPA (-0.25%) and EYDAP (-0.45%) are defending themselves under pressure.

In the medium capitalization, EYAPS loses 2.8%, Cenergy loses 2.04%, Intracat 1.46% and Entersoft 1.66%.

M. Chachladakis