Stock Exchange: Stabilization company in the area of ​​820 units

The Athens market is trying to stabilize in the region of more than 820 units amid significant volatility, at a time when European indices show the inability to continue yesterday’s upward reaction, while all eyes are on the meeting of the Foreign Ministers of Russia and Ukraine.

In this climate, the General Index after changes of sign now moves with an increase of 0.23% to 824 points, the FTSE 25 notes an increase of 0.25% and is at 1,979 points, while the banking index that outperformed yesterday with a jump of 7, 9% today falls by 0.2% moving to 558 points.

Markets showed signs of de-escalation on the Ukrainian front yesterday, following Sakharov’s statements that Russia has no intention of overthrowing the Zelensky government, but also a Jerusalem Post article that spoke of secret processes between the two sides, resulting in strong stock markets. rally all over the Old Continent.

However, in the absence of any substantial development and with the Russian bombing continuing unabated in several Ukrainian cities, European markets have returned to negative signals with losses approaching 2%, while all eyes are on Antalya, Turkey, where they have started. from the morning the talks of the Foreign Ministers of Russia and Ukraine.

Elsewhere, EU leaders are meeting in Versailles today to discuss the Ukraine issue and the energy crisis. It is recalled that a Bloomberg article within the week mentioned the possibility of issuing a common debt, in the form of a Eurobond, in the face of the surge in energy costs.

Earlier, the focus will be on the scheduled meeting of the European Central Bank, which is expected to present measures that will support the economies of the Old Continent.

On the board

The movements of the shares show opposite forces, with Aegean strengthening by 3.82%, ELHA at + 1.63% and Sarantis at 1.4%, at a time when the banks are under the most pressure.

Specifically, Piraeus is down 1.55%, NBG by 0.9%, Alpha by 0.63%, while Coca Cola after the strong uptrend yesterday today is moving at -0.95%.

M. Chachladakis