Shared tokens on the Stock Exchange

of Alexandra Tombra

Divided signs and selective movements are the picture displayed today by the Athens stock exchange, which is trying to recover the levels of 860 units, but without being able to increase trading rates in a period when the turnover “machines” traditionally operate at low levels.

In particular, the General Index registers gains of 0.17% at 861.78 points, while the turnover is at 13.5 million euros and the volume at 7.5 million pieces. An increase of 0.10% was recorded by the FTSE 25, at 2,075.54 points, while the banking index gained 0.78% at 548.17 points.

The market will need to reassert the 862 levels if it is to sustain the recovery from yesterday’s session. The next target is at 887 points, but if it fails then the test of 846 points will set the general indicator on new paths.

Of course, even today there was no lack of analysts who praised the progress of the Greek economy, with Scope pointing out that the development of economic indicators over the last two months shows that the real economy is starting to slow down, but is coping with the shock of inflation better than ,what was expected, and with the better performance of tourism, Greece is heading for better growth performance.

It is also recalled here that last month, Scope Ratings revised its forecast for Greece’s growth in 2022 to 4.9% from an estimate of 4.6% at the start of the year – the economy grew by 8.3% last year – although it revised its forecast for 2023 down to 2.1% from 2.5%.

Nevertheless, the dynamics of the Greek economy are likely to come under pressure, according to the rating agency DBRS, which however praised the improved results of the four Greek systemic banks in the first half of the year which reflect the significant progress made in reducing risk and their restructuring in recent years, along with the recovery of the Greek economy from the pandemic.

On the dashboard

On the board now, Ellactor is scoring gains of 3.83%, with Alpha Bank at +2.51% and Biohalco and Ethniki at +1.42% and +1.32% respectively. Sarantis, PPA, Mytileneos, Lambda, Coca Cola, OTE, PPC, Terna Energy, EYDAP and Piraeus are moving slightly upwards.

On the other hand, Motor Oil and OPAP recorded losses of 1.62% and 1.32% respectively, while Hellenic Petroleum, Quest, GEK Terna, Eurobank, Titan, Jumbo and Aegean moved slightly lower. ADMIE and ELHA are unchanged.