Stock market: Recovery effort

The Athens Stock Exchange is making corrective moves today, which after three days of rise is trying to assimilate part of the profits, but without threatening to stay in the zone of 890 units for the time being.

In particular, the General Index records losses of 0.29% at 895.72 points, while the turnover is at 2.1 million euros and the volume at 0.1 million units. The FTSE 25 also recorded a fall of 0.34%, at 2,155.11 points, while the banking index lost 0.40% to 579.61 points.

Small upward steps, with injecting stabilization sessions are the image of the market so far in the last two weeks, during which it has managed to cover a territory of almost 40 units, now seeing the levels of 900 units. Of course, both climbing and returning above this psychological threshold presupposes greater determination on the part of buyers, which is not apparent at present, as reflected in the market turnover.

The bet of foreigners

The main issue that also concerns the domestic market in recent days is the movements that will come from foreigners for the new year, at a time when the “return” of large funds to their place of “residence” (as in the US or the United Kingdom) is appropriate due to the promoted tightening of monetary policy. It is something that was repeated in 2013-2014, when the tapering of the Fed caused the repatriation to the US of several US funds, causing tectonic upheaval in emerging markets, and not only.

A key “measure” of staying even in Greece of funds that could fuel some upward movement, especially from the beginning of the new year, is how the European Central Bank will manage the intense inflationary pressures that are now manifesting throughout the Eurozone. but also what will be the performance of our country’s economy in an environment (inflationary) that has essentially been forgotten before the outbreak of the crisis in 2009.

However, it is not ruled out that the Omicron mutation and the persistence of inflationary pressures from energy and the supply chain to change the plans of the European Central Bank, which had timed the crucial decisions on the bond purchase program at the December 16 meeting.

On the board

On the board now, Jumbo is losing 1.77%, while Alpha Bank, HELEX, OTE, Motor Oil, Hellenic Petroleum, PPC, IPTO, Lambda, Eurobank, Mytilineos, Ethniki, OPAP, PPA, ELHA and GEK Terna are moving slightly downwards. .

On the other hand, Aegean, EYDAP, Titan, Piraeus, Coca Cola, Ellactor, Terna Energy and Viohalko are moving slightly upwards, while Sarantis is gaining 1.28%.