The slight correction in the Athens Stock Exchange is without turnover

of Alexandra Tombra

The Athens Stock Exchange is moving slightly correctively today, which after yesterday’s upward reaction, assimilates the levels around 890 points, while the low turnover does not help the purchasing forces to continue their “work”.

In particular, the General Index records losses of 0.30% at 890.15 points, while the turnover is at 2.77 million euros and the volume at 1.1 million units. The FTSE 25 also fell 0.30% to 2,139.24 points, while the banking index lost 0.51% to 577.96 points.

The “umbrella” opened by the European Central Bank on Greek bonds helped the market yesterday, but failed to raise the buying interest, which is essentially the “fuel” so that the market can look at the 900 units with more expectations, in view of the end of the year.

Thus, even the Christmas or Santa rally that many analysts expected seems to be less and less likely, which are gradually disappearing.

Burned in… warm-up

Despite yesterday’s reaction, the Greek market continues to be problematic, according to Loukas Papaioannou, Economist at Fast Finance, as with the low volumes it has been present lately, it reminds of the marathon runner who “burned before the race” due to overheating. .

Virtually nothing has changed since the 4th of 2021 in the price fluctuation that develops in the majority of the shares of the Greek stock market.

On the contrary, the economic conditions have changed for the worse, both at home and abroad, with the main problem being the ever-increasing inflation that is out of control, showing a high of 40 years.

Also, according to him, we should mainly worry when energy costs soar above 150% in months, when real interest rates are negative for a long time.

On the board

On the board now, Alpha Bank records losses of 1.02%, with ELHA, Titan, Aegean, IPTO, Piraeus, Sarantis, Mytilineos, PPC, Ethniki, Motor Oil, Jumbo, Eurobank, Ellactor, EYDAP, Viohalko and OPAP to follow with small losses.

On the other hand, the profits in Hellenic Petroleum, Coca Cola, Lambda and Terna Energeiaki are marginal and lower than 0.4%, while OTE, HELEX, GEK Terna and PPA are unchanged.