The Athens Stock Exchange is returning to the level of 910 points today, which is rushing to follow the positive climate of the international markets and to cover part of yesterday’s large lost ground in the shadow of the Russian-Ukrainian crisis.
In particular, the General Index records gains of 2.14% at 907.30 points, while the turnover is at 15 million euros and the volume at 6.6 million units. The FTSE 25 also recorded an increase of 2.26%, to 2,214.05 points, while the banking index gained 3.34% to 681.22 points.
After yesterday -6.4% and the loss of 60 points, buyers today add more than 20 points to the general index, bringing it back above the psychological threshold of 900 points. At this stage, too, the stake was for the general index to recover the 200-day moving average, ie 893 points, in order to restore the positive long-term picture.
Of course, this does not mean that the road to the recovery of 950 units is “paved”, at a time when the source of geopolitical uncertainty in Eastern Europe is open. In fact, a critical moment is open, during which the markets are trying to adapt to the new regularity that is gradually shaping the central banks.
Thus, the crisis in Ukraine will not stop affecting the market (with the Hellenic Capital Market Commission requesting information from listed companies on their exposure to Russia and Ukraine), however the possible expansion of securities purchase programs by the European Central Bank or a Delays in interest rate hikes could offset concerns and favor some risk-taking moves.
The extent of the reaction today is expected to be judged by the end of the meeting, with the climate firmly affected by developments in Ukraine. Announcements of successive sanctions packages from the West have not shown any impact so far as Russian forces continue to invade inside Ukraine.
On the board
On the board now, Sarantis, Eurobank and Hellenic Petroleum record profits in excess of 4%, with ELHA, Aegean, Viohalko, Ethniki, Lambda, Alpha Bank and Piraeus following with an increase of more than 3%.
Mytilineos, PPC, Titan, Quest, OPAP, Ellactor, EYDAP and Motor Oil are moving above + 2%, while Coca Cola, PPA and IPTO are moving above + 1%. GEK Terna, Jumbo and Terna Energeiaki are moving slightly upwards, while OTE is at -0.14%.
The Athens Stock Exchange is recovering after the dive
The Athens Stock Exchange is returning to the level of 910 points today, which is rushing to follow the positive climate of the international markets and to cover part of yesterday’s large lost ground in the shadow of the Russian-Ukrainian crisis.
In particular, the General Index records gains of 2.14% at 907.30 points, while the turnover is at 15 million euros and the volume at 6.6 million units. The FTSE 25 also recorded an increase of 2.26%, to 2,214.05 points, while the banking index gained 3.34% to 681.22 points.
After yesterday -6.4% and the loss of 60 points, buyers today add more than 20 points to the general index, bringing it back above the psychological threshold of 900 points. At this stage, too, the stake was for the general index to recover the 200-day moving average, ie 893 points, in order to restore the positive long-term picture.
Of course, this does not mean that the road to the recovery of 950 units is “paved”, at a time when the source of geopolitical uncertainty in Eastern Europe is open. In fact, a critical moment is open, during which the markets are trying to adapt to the new regularity that is gradually shaping the central banks.
Thus, the crisis in Ukraine will not stop affecting the market (with the Hellenic Capital Market Commission requesting information from listed companies on their exposure to Russia and Ukraine), however the possible expansion of securities purchase programs by the European Central Bank or a Delays in interest rate hikes could offset concerns and favor some risk-taking moves.
The extent of the reaction today is expected to be judged by the end of the meeting, with the climate firmly affected by developments in Ukraine. Announcements of successive sanctions packages from the West have not shown any impact so far as Russian forces continue to invade inside Ukraine.
On the board
On the board now, Sarantis, Eurobank and Hellenic Petroleum record profits in excess of 4%, with ELHA, Aegean, Viohalko, Ethniki, Lambda, Alpha Bank and Piraeus following with an increase of more than 3%.
Mytilineos, PPC, Titan, Quest, OPAP, Ellactor, EYDAP and Motor Oil are moving above + 2%, while Coca Cola, PPA and IPTO are moving above + 1%. GEK Terna, Jumbo and Terna Energeiaki are moving slightly upwards, while OTE is at -0.14%.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
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