Stock Exchange: All 820 units are being gnawed

Low risk movements and defensive positions are recorded today on the Athens Stock Exchange, which can not show any reaction that will limit the negative report of the first half of the year.

In particular, the General Index records losses of 0.38% at 819.04 points, while the turnover is at 5 million euros and the volume at 1.7 million units. The FTSE 25 is down 0.63% at 1,964.38 points, while the banking index is down 1.30% at 509.54 points.

Even today, the ATHEX can not show any reaction to improve the picture of the 6 months, which is negative in most of its branches. Losses since the beginning of the year already exceed 8%, with the market losing in a very short time what it built in the first two months of the year.

In this context, and according to certified analyst Petros Steriotis, while the deflated value of money is declining, investors are urged to take advantage of high volatility and protect their liquidity in order to ensure alpha, ie overperformance of their portfolios compared to General Index. In declining phases of the Market, such as the current one, the divestment and the stop-loss orders often confirm the stock market “cash is king”, which the stock market professionals always have in the back of their minds.

At the same time, the yield, ie the cost of new issues of ten-year Greek government borrowing, which recently approached the psychological threshold of 5%, shows signs of calming down from the ECB’s statements that it will prevent the spread of spreads and consequently a new crisis in the markets. European Southern securities. However, for listed companies, the rise in interest costs raises the bar for gross corporate profitability targets in order to service the repayment of new bond issues.

On the dashboard

On the board now, Sarantis records losses of 2.24%, with Alpha Bank, Ethniki, Terna Energeiaki, IPTO, Piraeus and Motor Oil following with a drop of more than 1%. Motor Oil, EYDAP, Viohalko, Jumbo, ELHA, PPA, Mytilineas and Eurobank are moving slightly downwards.

The losses in Titan, Quest, Coca Cola, Lambda and Hellenic Petroleum are small, with Ellactor, GEK Terna, Aegean, OTE and PPC unchanged. OPAP moves with gains of only 0.14%.