The pressures on the Stock Exchange are controlled

The sellers finally have a small lead at the moment in the Athens Stock Exchange, which is under the pressure mainly of the National, but also the support of the energy sector, which maintains the General Index at current levels.

In particular, the General Index records losses of 0.26% at 915.95 points, while the turnover is at 31.9 million euros and the volume at 9.1 million units. The FTSE 25 also fell 0.17% to 2,208.75 points, while the banking index recorded losses of 0.67% to 590.53 points.

The market today is still engaged in portfolio restructuring, but it is also looking to the pandemic, which seems to be spiraling out of control. In fact, Bank of America in a new report, although at the moment does not expect that strict restrictive measures will be imposed again and thus maintains its strong forecasts for the development of Greece this year, but does not rule out some mild restrictions in activities that are more “vulnerable” to the spread of the pandemic.

BofA keeps the estimates stable for 2022-2023, placing the growth of Greece at 3.8% and 2.5% respectively. In terms of inflation, he estimates that this year it will move to 0.4% from -1.3% in 2020, in 2022 it will jump to 1.9% and in 2023 to 1.2%.

The turnover is in demand

In the last twenty days, the General Index has spent only a few hours below 900 points, thus confirming that this level offers at least a psychological security to investors, says the certified analyst, Petros Steriotis. The eyes are now on the 930 units, which seem “haunted” due to the triple failure of G.D. to overcome them post-pandemic. The upward formation of type “W” in the daily chart has not been completed, something that will happen in case of exceeding 930 and the seven-year high of 950 points.

The turnover does not show signs of substantial improvement, something which – apart from the chronic absence of “fresh money” from Athens Avenue – we begin to attribute to the closing of the “books” of foreign funds at least towards the end of the year, ie the lack of willingness to take new risks , at the moment when they want to secure their profits in another favorable year for the international stock markets, concludes Mr. Steriotis.

On the dashboard

On the board now, Ethniki loses 2.69%, with PPA, OPAP, Piraeus, OTE, GEK Terna and ELHA following with losses exceeding 1%. Ellactor, HELEX, IPTO, EYDAP, Titan, Coca Cola and Sarantis are moving slightly downwards.

On the other hand, Hellenic Petroleum recorded gains of 2.97% with Jumbo following with + 2.70%, while more than 1% is the rise in PPC and Motor Oil. Lambda, Terna Energeiaki, Viohalko, Mytilineos, Alpha Bank and Eurobank are moving slightly upwards. Aegean is unchanged.