Stock market: New dip to 870 points

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The Athens Stock Exchange is currently landing at the level of 870 points, which is “compiled” with the negative international climate caused by the change in the monetary policy of the European Central Bank.

In particular, the General Index records losses of 1.32% at 874.90 points, while the turnover is at 11 million euros and the volume at 4 million units. The FTSE 25 also fell 1.48% to 2,108.95 points, while the banking index lost 2.52% to 573.67 points.

Stock market: New dip to 870 points

A major cause for concern in the Greek, but also in the European markets, is whether the tightening of the policy, with the increase of interest rates and the end of the securities market program, by the ECB will affect growth. And the estimates are only negative, as evidenced by the forecasts of the ECB itself, which downgraded them for growth.

Markets have realized that the time has come for the central banks to face the crisis, as they will have to deal with inflation without affecting growth, but also to ensure consumer income in the midst of an energy and commodity crisis. How is this going to be done; Nobody knows, with many portfolios resorting to safer assets, affecting markets like the Greek one.

Indeed, while the Greek economy is one of the few that seems to maintain its upward pace, the ATHEX does not seem to share this positive trajectory. Especially foreigners, who should reduce their exposure to markets that involve a high degree of risk, do not see the Greek market as a bulwark.

On the board

On the board now, EYDAP, Piraeus and Alpha Bank are losing more than 3%, while over 2% is the fall in Eurobank, Ethniki, PPC and Quest. The pressures in Viohalko, Mytilineo, Hellenic Petroleum, ELHA, Lambda, Coca Cola, Aegean, Motor Oil, PPA, IPTO and OTE lead them over -1%.

Titan, Ellactor, GEK Terna and OPAP are slightly down, while Jumbo and Terna Energeiaki are unchanged. In FTSE 25 only Sarantis moves in positive territory, recording gains of 1.65%.


Source: Capital

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