The global sell off of the Russo-Ukrainian war reaches the Stock Exchange

LAST UPDATE: 10.59

The cracks that the Athens Stock Exchange is receiving today are strong, with the risk off overshadowing Athens Avenue, which is trying to put its defense in the zone of 920 points, ie at the lowest levels since the end of January.

In particular, the General Index records losses of 3.71% at 913.99 points, while the turnover is at 16 million euros and the volume at 7 million units. The FTSE 25 also fell 3.89% to 2,229.11 points, while the banking index lost 4.96% to 687.55 points.

This is the second time that the international developments put a stop to the rise of the Greek stock market, which, although it finally tried to differentiate itself, the international developments were “superior” to its forces. Thus, just a few sessions after the flirtation of 970 points on February 11, the general index loses all 920 points, with the majority of titles being under strong pressure.

However, the ATHEX does not show a worse picture than the European markets show, as the global investment community is watching the Russian invasion of Ukraine, after the decision of Russian President Vladimir Putin to permanently leave the diplomatic route and choose the military conflict. World markets are shaken by Russia’s unprovoked attack on Ukraine, while oil prices are plunging into a new rally, with Brent surpassing $ 100 a barrel.

What is now being pointed out by domestic analysts is that the effects on energy and commodities will affect both the Greek listed companies and the economic recovery. If these pressures, due to supply disruptions, gradually move to the consumer price index, then special measures will have to be taken by both the government and the European Central Bank. And this scenario can only negatively affect Greek development.

Of course, it is not ruled out that there may be another scenario, that of waiting from the central banks, which will be supportive for the markets, and for the ATHEX, but mainly for the economies. The question, however, is how to offset inflationary pressures in a low-growth environment.

On the board

On the board now, Piraeus, Alpha Bank and Sarantis record losses of more than 5%, while over 4% is the fall in Ellactor, Eurobank, PPC, Jumbo, Aegean, Viohalko and ELHA. The drop in National, Motor Oil, Coca Cola, Lambda, Mytilineos, GEK Terna and IPTO exceeds 3%.

Over 2% is the drop in OPAP, Terna Energy, Titan and OTE, while over 1% in PPA, Quest and Hellenic Petroleum. EYDAP loses 0.55%.

Read also:

– European stock markets in deep red, STOXX 600 dip 3%