Stock market supports are being tested again

of Alexandra Tombra

Under the weight of the strong losses of Coca Cola and Alpha Bank is currently the Athens Stock Exchange, which although tried to remain in the zone of 890 points, ultimately fails to hold the last support before the lower levels.

In particular, the General Index records losses of 1.10% at 881.74 points, while the turnover is at 9.5 million euros and the volume at 4.2 million units. The FTSE 25 also fell 1.27% to 2,133.04 points, while the banking index lost 2.48% to 623.57 points.

It is clear that the reasons for the market movement, but also for the loss of profits in 2022 are exogenous, with the geopolitical risk being exactly at the center of the fears and the investment risk off. Every other catalyst is now on the sidelines, leaving the ATHEX once again struggling with the levels they characterized in 2021. In Greece, the exposure to Russian assets could not be considered large, but developments in Eastern Europe complicate the risks they face. Greek companies.

In fact, as Dim. According to Beta Securities, the Russian invasion of Ukraine was a development that may have seemed relatively safer in its inception, but it was the war that gave a strong sell-off in the markets. Geopolitical turmoil is not something that stock markets are unaware of, as it is the unpredictable news that is incorporated relatively directly into prices in an attempt to discount the economic footprint of developments.

Indeed, although the start of 2022 was very promising, with the ATHEX showing remarkable resilience in a difficult environment, the war scene that broke out in Eastern Europe finally “bent”, returning the general index to the first zone of support of 890 units. And this fort is the last before the index returns to the levels of 860 points and the low of 2021 accumulation.

On the board

On the board now, Coca Cola records losses of 5.06%, with Alpha Bank being at -3.67%, while over 2% is the fall in Lambda, Piraeus, Aegean and Eurobank. Ethniki, IPTO and Titan are moving above -1%, while Motor Oil, Hellenic Petroleum, Biochalco, PPA, PPC, GEK Terna, Ellactor, EYDAP and Terna Energeia are moving slightly down.

On the other hand, ELHA, OPAP, Jumbo, Mytilineos and Quest are moving with small gains, with OTE standing out with + 1.21%, but also Sarantis with its own + 2.49%.