Stock market: Leading sellers with imported pressures

A maintenance session in which the sellers prevailed in the end was today in the Greek stock market, which was limited to selective placements in the middle of a very low turnover, with the General Index going into negative territory when the international pressures intensified.

In particular, DG completed its transactions at 859.32 points with a drop of 0.41% and a turnover of just 44.3 million euros, of which 1 million in packages. The FTSE 25 high capitalization fell by 0.58% and closed at 2,069 points, as well as the banking index that slipped to 611.11 points by -1.22%.

After an opening that brought it to 870 points (+ 0.85%), the DG quickly lost its momentum and moved for a long time with small changes around the last closing at 862 points, while the pressures intensified when the Wall opened lower and Street with DG eventually leading to negative ground.

The Greek market is clearly looking for a catalyst, mainly in Ukraine, as today’s meeting showed, as the lack of progress in the Moscow-Kiev talks outweighed the positive development with the upgrading of the country’s economy by the Canadian DBRS on Friday night. .

This is reflected in the extremely limited turnover, when in the days when there were developments on the Ukrainian front, it exceeded 100 million euros, while today the investors moved conservatively by making selective positions.

More generally, the global climate was further exacerbated by the new jump in oil prices, regaining $ 110 and re-intensifying inflation concerns, although European gas saw its downward trend continue to decline below 100 euro.

In the same context, European markets moved with slightly corrective trends, with the German DAX at -0.45%, the French CAC 40 at -0.5% and the pan-European Stoxx 50 at -0.4%.

At a technical level, nothing has changed in the image of the Greek stock market, as the short-term trend remains upward and the DG as long as it is above 850 points looks at the zone of 880-890 points where the upward reaction from 788 is completed.

From this point the market can see the 900 units, exceeding which and staying at these levels will mean a reversal of the long-term trend.

The image on the dashboard

Motor Oil and Viohalco starred with an increase of 2.98% and 2.95% respectively, the National Bank was the only one in the sector with a positive sign and an increase of 1.97%, Titan continued its upward course with + 1.86%, Lambda added 1.52% and IPTO 1.12%.

Quest deleted its losses and closed at + 0.65% after the listing of its new shares, Coca Cola at + 0.5% but having lost part of its dynamics and ELPE at + 0.57%.

In the other banks, Alpha completed at -1.53%, Piraeus at -1.7% and Eurobank at -2.82%.

Sarantis’s title received the biggest pressures in its high capitalization with -3.69%, EYDAP closed with -2.17%, OTE burdened the picture with -1.83% and PPC moved to -1.31% .

TERNA Energy and PPA remained stable, the first with a turnover of over 1.15 million euros, GEK TERNA recorded small losses of 0.22%, ELVALHALCOR by 0.23%, Mytilineos by 0.28%, OPAP fell by 0.4% and Jumbo by 0.66%.

In the mid-cap, Cenergy came under pressure again and recorded significant losses of 4.23%, Autoellas fell by 2.59%, Intracom by 2.07, while Fourlis strengthened by 1.22% and HELEX by 1.53% .

Of the total shares, 54 were down, 42 were up and 58 were flat.

M. Chachladakis