Stock market: In the vacuum the first attempt for the 900 units

LAST UPDATE: 15:45

The Athens Stock Exchange is currently returning to the levels of 865 points, as the cautiousness and selectivity did not allow the General Index to confirm the rise to 900 points, with which it has been flirting since the morning.

In particular, the General Index records losses of 0.22% at 896.61 points, while the turnover is at 28.7 million euros and the volume at 10.2 million units. The FTSE 25 also fell 0.32% to 2,154.65 points, while the banking index lost 0.95% to 576.61 points.

Uncertainty for Greek bonds

Greek bonds may be among the big beneficiaries of the European Central Bank’s pandemic program, such as this PEPP which is expected to be completed in the shadow of rising inflation in the Eurozone, with the next day of Greek securities being uncertain. And the market will have a better picture at the ECB meeting next Thursday, so until then the moves will be quite cautious.

Of course, the ECB’s support to our country will continue only through the reinvestment program, ie the placement of funds from Greek bonds – as well as other bonds of Eurozone countries – which expire after March 2022 and at least until the end. of 2023, in other Greek titles. In any case, according to Capital.gr, and if and when it is judged that the market pressures are uncontrollable, the ECB will have in its quiver a remaining 100 billion euros from PEPP, which will reactivate, with emphasis in vulnerable markets, ie in Greece and possibly in Italy (due to possible political unrest).

Analysts insist positively

At the same time, foreign analysts continue to praise the performance of the Greek economy, with Deutsche Bank estimating growth of 8.7% this year. According to the estimates of the German bank, the two years 2022-2023 will be a period of also strong growth rates for the Greek economy, with the GDP growth being placed at 4.4% and 3.8% respectively, while the inflation in Greece is expected to jump in 2022 to 2.8% after 0.3% this year, but then following a downward trajectory and reaching 1.3% in 2023.

On the board

On the board now, Lambda, HELEX, Ellactor, PPC, Motor Oil, Alpha bank and Eurobank record losses of more than 1%, while Mytilineos, Jumbo, Ethniki, Piraeus, EYDAP, Coca Cola and OPAP are down slightly.

On the other hand, Terna Energy and Aegean recorded gains of 2.52% and 2.04% respectively, with OTE, Saranti and Hellenic Petroleum following with an increase of more than 1%. Viohalko, Titan, IPTO, ELHA and GEK Terna are moving slightly upwards. PPA unchanged.