The 890 units in the Stock Exchange are threatened

Pressures are currently building on the Athens Stock Exchange, with sellers dominating most of the board as there are risk reduction moves from many portfolios.

In particular, the General Index recorded losses of 0.80% at 888.98 points, while the turnover is at 16.4 million euros and the volume at 5.5 million pieces. The FTSE 25 also registered a fall of 0.88%, at 2,145.70 points, while the banking index lost 1.38% at 581.13 points.

Although earlier there were some defenses above the zone of 890 units, now the market seems to be sliding again towards the supports of 880 – 885 units, despite the fact that the Prime Minister today ruled out early election scenarios. And while one would have expected the reassurance to have a positive effect on the market, pressures appeared to mount especially after 12.30pm.

As a stock exchange source comments on the image on Capital.gr, what concerns the market in particular is that the country remains trapped in a long pre-election period. That is, if the government’s decisions have a pre-election sign in the long run, the risk to the country’s fiscal performance will increase, although the performance so far is much better than expected. Of course, in the “framework” of these concerns there are also concerns about the management of the Recovery Fund funds, as their disbursement is accompanied by prerequisites.

And all this, while the portfolios on the other side of the Atlantic are moving at the pace of Powell and the Fed, with uncertainty strengthening risk aversion in risky markets. After all, the AX has shown that the influences it receives from the American territories are much greater, compared to those coming from the European territories, without this meaning that the situation in the markets of Europe is smooth.

Dashboard

On the board now, Coca Cola and Piraeus record losses of 2.14% and 2.59% respectively, with PPC, Eurobank, ELHA, Ethniki, Biohalco and Alpha Bank following with a fall of more than 1%.

Lambda, Aegean, ADMIE, Jumbo, EYDAP, GEK Terna, OTE, OLP, Terna Energy, OPAP, Ellactor and Titan are moving slightly downwards, while Mytileneos, Sarantis, Quest and Hellenic Petroleum are moving slightly upwards. Motor Oil is at +1.08%.