Sellers on the Stock Exchange are accelerating their orders

With the banking sector at the center of the losses, the overall index lands in support of 910 points, now testing the last stronghold before testing the psychological threshold of 900 points.

In particular, the General Index records losses of 1.37% at 909.80 points, while the turnover is at 43 million euros and the volume at 10 million units. The FTSE 25 also fell 1.45% to 2,203.76 points, while the banking index lost 1.91% to 632.47 points.

At a time when the international climate is more than negative and Wall Street is trying to stop the continuous sell offs, the General Index must remain above the psychologically and technically critical level of 900 points, to which the moving averages of the latter converge. 50, 100 and 200 sessions.

However, as the certified analyst Petros Steriotis points out, the stock market timing is very demanding, with the announcements of the Federal Reserve Bank (Wednesday) and the monthly measurement of unemployment in the USA (Friday) being the keys of the week, in the middle of the continuation of the war scene.

After all, in times of war many analysts recommend a more moderate stance, when in fact there are many fronts worldwide. Inflation, Russia’s war in Ukraine and the monetary policy of central banks can not leave the ATHEX unaffected, especially when they lead to a sharp decline and foreign markets.

Technically now, according to Fast Finance, 912 points is the close support, which if lost will bring us to the zone of 897 points. The general index is now moving away from the 936-941 points which is now close to a significant resistance. In the FTSE 25, 2,192 points is the next real support, with the bank seeming to lose the daily make or break of 634 points that in any case it must keep if it does not want to try moving again to 600 points.

On the board

On the board now, Eurobank loses 3.10%, with PPC, Hellenic Petroleum, Terna Energy, Jumbo, Aegean, EYDAP, PPA, Lambda, Piraeus and ELHA following with losses of more than 2%. IPTO, Viohalco, Alpha Bank, GEK Terna, Sarantis, OPAP, Ethniki and Quest are moving above -1%.

Titan, Motor Oil, Coca Cola, Mytilineos and OTE are slightly down, while Ellactor maintains its profits at + 4.11%.