The pressures on the Stock Exchange are expanding

The Athens Stock Exchange is currently operating at a loss, trying to control its correction without threatening the support of 910 points, but also without causing a rift of confidence in the market prospects.

In particular, the General Index records losses of 0.64% at 914.62 points, while the turnover is at 25.3 million euros and the volume at 9.8 million units. The FTSE 25 also fell 0.67% to 2,202.70 points, while the banking index recorded losses of 1.05% to 594.08 points.

It is obvious that the ATHEX is correcting slightly today, in an effort for the portfolios to encapsulate part of their liquidity in view of the critical announcements for the GDP of Greece and the restructuring of the MSCI indices tomorrow, November 11, 2021. Especially on the second front, the market has created many scenarios on paper for the possible changes that the house will announce in the Greek index of interest, with the positions already taken from the domestic market.

On the first front now, estimates so far indicate that the European Commission will proceed with a significant revision for the development of Greece for 2021, from the 4.3% forecast last May to 6.1%. And according to Capital.gr, the dynamics that the Greek economy has developed after the opening of the market in May, will probably lead the Commission to revise its forecasts, approaching the forecast of the Bank of Greece for 7% growth in 2021, rather in its winter forecast in February.

Of course, in a predominantly consumer economy, no one knows what the effect of rising inflation will be on consumer confidence, as the price index jumped to 3.4% in October from 2.2% in September. In fact, as those in charge explain, this increase is due to the rapid increase in energy products, but it is not ruled out that this picture will be reflected in the next, winter months, in the formation of GDP.

On the dashboard

On the board, PPC loses 2.94%, with GEK Terna, Saratni, Titan, Motor Oil, Mytilineo, Piraeus and HELEX to follow with losses exceeding 1%. Eurobank, Alpha Bank, Hellenic Petroleum, Ethniki, OTE, Lambda, IPTO, EYDAP, Terna Energy and Ellaktor are moving slightly down.

On the other hand, Viohalco wins 2.02%, making the difference in FTSE 25, with OPAP, Jumbo, Coca Cola, PPA and ELHA following with small gains. Aegean is unchanged.