Stock market losses are limited

LAST UPDATE 14:00

Buyers are cautiously returning to the forefront of the Greek market as the investment climate worldwide shows signs of normalization and the General Index is moving away from the day lows.

Specifically, the DG is now moving at 824.95 points with losses having been reduced to -0.6% (daily low at 814.77 points with a fall of 1.84%) although the low turnover at 28.7 million. euro rather indicates a waiting attitude.

The FTSE 25 is now moving at -0.69% and 1,979 points, while the bank has also picked up losses that exceeded -3% to -0.66% moving to 565 points.

Stock market losses are limited

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

In this climate, after Wall Street yesterday, the European indices are correcting, having reduced the losses below 1%, while earlier the climate was aggravated by the dip of the indices in China and Hong Kong after the imposition of new lockdowns in the second largest economy on the planet.

In particular, the German DAX moves with losses of 0.97%, the French CAC 40 loses 1.08% and the EuroStoxx 50 with -0.99%, while the futures of the American market have now returned to positive signs for all three key Wall Street index.

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 + 2.94%, TERNA Energeiaki with + 2.17%, are trying to give support to the market since the morning, while ELPE now follows with + 1.35%. Aegean with + 0.58%, OTE with + 0.43% and PPA with + 0.51%.

Alpha Bank has reduced losses to -1.25%, the NBG is down 1.44%, Piraeus 0.41% and Eurobank 0.22%.

In the other non-banking stocks, Lambda, Coca Cola and OPAP are under the most pressure and move at -2%, -1.7% and -1.8% respectively, while Viohalko, Mytilineos, IPTO, Ellactor and Titanas fall by about 1 , 5% each.

In the medium capitalization Kri Kri strengthens by 1.62%, while EYAPS loses 3%, Entersoft 1.66% and Intracat 1.25%.

Of the total stocks, 66 are down, 28 are up and 14 are flat.

M. Chachladakis

Source: Capital

You may also like