Shared dashboard and low turnover on the Stock Exchange

In the zone near but below 900 points remains the Athens Stock Exchange, which, having significantly reduced its trading activity, moves on the substance with shared signs and cautious moves.

In particular, the General Index records losses of 0.17% at 898.44 points, while the turnover is at 26 million euros and the volume at 10.2 million units. The FTSE 25 also fell 0.29% to 2,177.70 points, while the banking index gained 0.04% to 616.50 points.

The market is well aware that climbing to higher levels involves a number of risks. The first is the inflationary pressures, which are intense in the Greek economy, to hit the corporate size and negatively affect growth. So far, what is being conveyed by the analysts interviewed by Capital.gr is that investors should take into account the time horizon of these inflationary pressures. In other words, inflation in Greece may be in double digits, but how much it will be maintained at such high levels is the key to assessing the impact on growth.

However, ING today for the next two years predicts a further slowdown in the growth of Greece, to 2.4% in 2023 and 2.2% in 2024, due to inflation and the war in Ukraine.

The second risk has to do with the decisions of the European Central Bank next Thursday. Although tightening policy and raising interest rates are now considered certain decisions, what analysts are emphasizing is how quickly the central bank will move forward with its goals. In other words, if it accelerates the pace of policy tightening, then the risks to the economy will increase, especially for vulnerable regions, such as Greece. It is worth noting here that a first rate hike in July seems almost certain and a 50 basis point increase cannot be ruled out, especially if inflation is higher than expected in view of the July meeting.

On the board

On the board now, Jumbo is down 2.64%, with OPAP at -1.32%. Coca Cola, IPTO, ELHA, Eurobank, Alpha Bank, Quest, Lambda, GEK Terna, Hellenic Petroleum and Motor Oil are moving slightly down.

On the other hand, EYDAP wins 2.88%, with PPC and Ethniki following with + 1.13% and + 1.03% respectively. Titan, PPA, Terna Energy, Piraeus, Viohalko, OTE, Aegean and Mytilineos are moving slightly upwards. Ellactor and Sarantis are unchanged.