The Athens Stock Exchange is currently sinking in support of 865 units, which can not stop the strong pressures it receives in most of its dashboard, which are also powered by sell off in greek bonds.
In particular, the General Index records losses of 2.47% at 864.74 points, while the turnover is at 37 million euros and the volume at 14 million units. The FTSE 25 also fell 2.61% to 2,084.81 points, while the banking index lost 3.44% to 568.31 points.
Whatever the Greek economy is a breath away from the investment grade. Whatever the Greek economy is on the path of greater growth at the level of the Eurozone. Whatever the Greek economy has the liquidity net from the European Recovery Fund. The markets consider that the Greek assets are at risk, proceeding to an aggressive reduction, both at the level of shares and at the level of bonds.
The yield on the Greek 10-year bond is 4.3% and has now exceeded the level that had peaked on the morning of March 18, 2020 when the European Central Bank activated PEPP, but is the highest since 2017. Thus, the Greek assets re-enter the “category” of dangerous, after the European Central Bank decided that there is no reason for a program to support the weak countries of the Eurozone.
Technically on the ATHEX now, the general index with concise procedures and another downward gap again finds the support of the 860 points zone, while the 879 points become close resistance.
Few securities maintain the DG, while the banking returns to a marginally negative sign of the year again. The medium mainly capitalize to also maintain aggressive sellers.
On the board
On the board now, over 4% are the losses in Piraeus, Quest, Alpha Bank and PPC and over 3% in Aegean, Jumbo, Mytilineo, Ethniki and GEK Terna. Over 2% is the fall in EYDAP, Eurobank, Motor Oil, Coca Cola, Hellenic Petroleum, Lambda, Terna Energy and IPTO.
The fall in Terna Energy, ELHA, OTE and Viohalko exceeds 1%, while OPAP, PPA and Ellaktor are moving slightly down. Titan has no change, while Sarantis gains 1.65%.