Stock Exchange: Maintenance of forces over 900 units

The Athens Stock Exchange is moving nervously today, as on the one hand it is trying to stabilize above the levels of 900 points and on the other hand to find the supports so as not to succumb to the pressures of uncertainty, like the European indices today.

In particular, the General Index records gains of 0.37% at 909.65 points, while the turnover is at 7 million euros and the volume at 3 million units. The FTSE 25 also recorded an increase of 0.19%, to 2,201.91 points, while the banking index gained 0.68% to 648.72 points.

Stock Exchange: Maintenance of forces over 900 units

After two rising weeks, the ATHEX is trying to keep the levels of 900 points, while in Europe uncertainties remain high, both in the war in Ukraine and in the French presidential elections, as well as in the next meeting of the European Central Bank on Thursday.

However, what El. Zacharakis of Fast Finance points out today is that the market and the economy are going through the second quarter of the year, waiting to see the first results of the companies and to what extent they were affected by the war. And this will clearly improve the visibility of investors. The fear of stagnant inflation is pervasive with only the increase of interest rates by the Central Banks and at the same time reduction of their balance sheets. In our case we are waiting for the middle of summer to raise interest rates after a long apnea. The scenario is not easy since it is a given that the growth and at the same time the profits of the companies will be affected.

According to Mr. Zacharakis, Greece is definitely in a better position, however it will affect its growth rates. The truth is that the country has seen everything in the last 12 years and now it is based on new data coming from external factors. This does not mean that it can not achieve strong growth rates and be largely freed from international developments.

On the board

On the board now, PPA jumps 2.94%, with Lambda and Eurobank following with + 1.61% and + 1.46% respectively. Motor Oil, Ethniki, PPC, ELHA, Tera Energeiaki, Alpha Bank, IPTO, Jumbo, Aegean and EYDAP are moving slightly upwards.

On the other hand, Titan and Quest record losses of 1.3% each, while Mytilineos, Hellenic Petroleum, Sarantis, Ellactor, GEK Terna, Piraeus, OPAP and OTE are moving slightly downwards. Unchanged are Viohalco and Coca Cola.

Source: Capital

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