Stock market: Losses over 1.5% with pressure from banks and energy

LAST UPDATE 16:40

Losses in the stock market, which is falling back to 850 points, are expanding, with pressures on the shares of energy companies, banks and Coca Cola.

In particular, the General Index is now moving at 853.30 points with losses of 1.64%, but with a low turnover for another session at 54 million, of which 15 in OPAP.

The FTSE 25 is moving at -1.55% and 2,061 points, while the banking one is down 2.15%, moving to 610 points.

As the negotiations for a ceasefire in Ukraine do not seem to be approaching a positive outcome, the deterioration of the international climate dragged on the Greek market, with sales initially to banks and Coca Cola, followed by the energy sector.

However, the very low turnover for another session in the Greek market shows a composure with selective moves towards the hour.

The picture, however, has deteriorated considerably in the wake of the government’s intention to legislate an extraordinary levy on energy companies’ super profits.

On the international charts, the European indices today deleted the small gains of the opening and are now moving correctively, with the German DAX at -1.65%, the French CAC 40 at -1.45% and the pan-European Stoxx 50 at -1.8 %.

Similarly, the US market had a negative opening, but it comes from a new mini rally + 1.95% yesterday on the technologically weighted Nasdaq, with the other two key indicators following.

The day’s climate is further aggravated by the upward movement of oil prices again, with Brent once again finding a breath of $ 120 a barrel, intensifying the already intense inflationary pressures.

On the board

TERNA Energy with -4%, PPC with -3%, Mytilineos with -2.64% and Motor Oil -2.73% burden the image of transactions, together with the fall of Coca Cola with -3.1 % has lost 20 euros again.

Banking shares all went negative early and are expanding their losses, with Alpha at -2.92%, NBG at -2.8%, Eurobank at -2.9% and Piraeus at -2.36 %.

Titan is down 4%, Biochalco and ELVALHALCOR are down 3.4% and 3.9%, as is Lambda, which is losing 3.7%.

On the contrary, OPAP is trying to give support after the rise of 26.4% in its net profits announced yesterday and the double dividend, moving to + 3.1%, while it gathers almost 1/3 of the turnover of the session (at 13, 5 million). Only EYDAP now moves with him on positive ground on the 25th with + 1.65%.

M. Chachladakis