Stock Exchange: Looking for the positive sign with support from the blue chips

LAST UPDATE 15:25

Buyers are cautiously returning to the forefront of the Greek market as the investment climate worldwide shows signs of normalization and the General Index led by blue chips is now trying to move to positive ground having recorded losses of more than 1.8%.

Specifically, the DG moved for a while to a positive sign and is now moving with marginal changes around 830 points, namely with a small drop of 0.08% to 829.33 points, although the low turnover at 36.5 million euros probably indicates a halt. waiting.

At the same time, the FTSE 25 is moving at -0.3% and 1,988 points, while the bank from losses exceeding -3% is strengthening by 0.17%, moving to 570 points.

Bank securities erased the significant losses they recorded in the morning, ELVALHALCOR expanded its profits to a rally of more than 6% and with an additional boost from Biochalco, TERNA Energy is now trying to move upwards.

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

In this climate, European indices have been correcting since the morning, but have reduced the losses below 0.5%, with the climate being largely reversed when during the day futures in the US returned positive.

In particular, the German DAX is now moving with small losses of 0.3%, the French CAC 40 loses 0.35% and the EuroStoxx 50 just 0.22%, while the futures of Wall Street show an upward movement shortly before the start of the session and for the three indicators.

On the other hand, the Greek 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 taking the baton from Alpha Bank yesterday.

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

Elvalhalcor with + 6% leads the counterattack, Biochalco follows with + 3.18% and TERNA Energy is strengthened by 2.6%.

GEK TERNA is at + 1.9%, Aegran at 0.6 %%, HELEX at 0.7% and EYDAP at 0.6%.

In the banking shares, Alpha Bank wrote off losses that exceeded 4% and now moves to + 0.3%, the EIB strengthens marginally 0.11%, Eurobank by 0.17% and Piraeus by 1.25%.

In the other non-banking shares, OPAP exerts the greatest pressure with losses of 1.64%, Lambda also falls by 1.61%, Sarantis by 1.6% and Mytilineos by 1.47%.

In the medium capitalization Kri Kri strengthens by 2.4% and Cenergy by 2%, while EYAPS loses 2.8%, Entersoft 1% and Intracat 1.25%.

M. Chachladakis