The corrective movements in the Stock Exchange are under control

The Athens Stock Exchange is moving slightly moderately today, it reasonably favors the movements of securing the profits that have been recorded lately, especially after yesterday’s peak with a jump that approached 2%.

In particular, the General Index records gains of 0.07% at 960.97 points, while the turnover is at 6.1 million euros and the volume at 2.5 million units. The FTSE 25 also recorded an increase of 0.06%, to 2,347.90 points, while the banking index lost 0.25% to 728.31 points.

After a dramatic rise, the “health” of a market is reflected in the controlled correction caused by earnings movements. And this is the picture that the market is showing today, which without appearing to be threatened by the sellers, makes the necessary corrections, giving a breath of liquidity to several portfolios.

Of course, although the interest of buyers yesterday was universal, what the longs expect is to activate the support for titles that were left behind during the period from January 25 to yesterday, when the general index rose by almost 50 points. Of course, as long as the index remains above the level of 940 points, the climate remains positive, with the next bet being transferred to the field of FTSE 25, which must not lose 2,320 points and break the close resistance of 2,405 points.

At the same time, both the general and the banking index can act as a bulwark against the pressures that can be caused in a difficult situation, pending the data that will be announced later today in the US on inflation. According to estimates, analysts do not rule out the Federal Reserve to move more aggressively in tightening its policy to deal with the frantic inflation rally in recent months, affecting markets worldwide.

Of course, the same risk now exists in Europe, with the European Central Bank having changed its rhetoric, something that was seen in the yields of Greek bonds. After all, even Deutsche Bank recently shifted its forecasts for interest rate hikes to euros a year earlier, estimating that the risk of raising interest rates earlier, even during the summer, is now visible.

On the board

On the board now, Coca Cola and Alpha Bank record losses of more than 1%, while Sarantis, Ellactor, PPA, GEK Terna, Piraeus, Lambda, Quest, Eurobank, EYDAP and OPAP are moving slightly down.

On the other hand, the support comes from + 1.6% of PPC and Hellenic Petroleum, while ELHA, OTE, Jumbo, Terna Energy, Ethniki, Titan, Aegean, Viohalko, IPTO, Mytilineos and Motor Oil are also moving slightly upwards.