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The losses on the Stock Exchange are expanding

LAST UPDATE: 15:16

The Athens Stock Exchange is currently under pressure in the zone of 870 points, which although it tried earlier to control the pressures exerted by the majority of its securities, in the end the big drop in the European markets does not leave much room for the Greek one.

In particular, the General Index records losses of 0.72% at 870.91 points, while the turnover is at 27.1 million euros and the volume at 9.9 million units. The FTSE 25 is down 0.76% at 2,084.84 points, while the banking index is down 1.07% at 557.55 points.

The losses on the Stock Exchange are expanding

The market is showing signs that it wants to stay at current levels and not take more risk at a time when measures against the new mutation have not yet been finalized. Of course, he will have to cross the first resistance of 878 points very soon if he wants to undo the highly declining scenario of slipping to 850 – 853 points. And this must be done no later than tomorrow when the week ends.

Lack of internal catalyst

The market has been in “connection” with international developments on the pandemic front since the last ten days of November, as most domestic catalysts are on hold. Of course, this does not mean that there are no factors that can support a more positive scenario, in which economic activity will not stop, nor will the health system be tested to the fullest.

After all, even foreign analysts do not stop supporting the positive scenario for Greece. In fact, today Citigroup estimates that earnings per share of Greek listed companies (including banks) will increase by 29.1% – an improved forecast compared to 25% previously, which will be the highest increase in Europe, but and relative to the average in emerging markets, developed markets and the US. The estimated P / E index in the Greek market for 2021 is set at 12.1x, while for 2022 it will move to 10.1x.

On the board

On the board now, Lambda and Sarantis record losses of 2.89% and 2.51% respectively, with Alpha Bank, Mytilineo, Viochalko, Titan, GEK Terna, Ellactor, Jumbo, ELHA, Piraeus, IPTO and Hellenic Petroleum.

Ethniki, OPAP, Terna Energeiaki, Motor Oil, Aegean, HELEX, EYDAP, Eurobank and OTE are moving slightly down, while PPC manages to maintain + 1.11% and Coca Cola gains 0.32%.

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