Although the risk-taking moods are low even today on the Athens Stock Exchange, the market manages to remain on positive ground, having significant support from selected securities, which act as mounds and in the fall of almost half of the board.
In particular, the General Index records gains of 0.22% at 953.73 points, while the turnover is at 27 million euros and the volume at 12 million units. The FTSE 25 also increased 0.19% to 2,300.63 points, while the banking index gained 0.32% to 653.02 points.
The market is following an informal rotation, looking for those that are either left behind in the rally of the first fortnight of January, or those that may benefit from the possible tightening of the European Central Bank policy in the coming months. Thus it is maintained at a level of a few units above 950 units, which may be fragile, but gives a sufficiently loud message about the intentions of buyers.
Of course, the second criterion, especially the ECB’s intentions, remains a small question mark, in contrast to what is happening within the Federal Reserve, as the inflationary pressures on the economy are such that they do not threaten the long-term target of 2% in the price index. After all, the leader K. Lagarde today today downgraded the scenario for the change of monetary policy.
However, this does not mean that sectors such as banking can not anticipate a change in the ECB’s interest rate policy, which will benefit them in the long run. This is something that many analysts have pointed out, not only for the Greek industry, but also for the wider world, but others are burdened by the increase in borrowing costs that may lead to an increase in central interest rates.
In any case, the ATHEX seems to be successfully assimilating its levels this week, against the international turmoil caused by the prospects for the intentions of central banks, and this is only positively perceived by domestic analysts. In fact, as long as buying moves are made at the seven-year high, market support appears more capable of halting an unpredictable wave of correction.
On the board
On the board now, Piraeus and Viohalko record gains of 2.80% and 2.21% respectively, with Jumbo gaining 1.32% and Coca Cola, Ethniki, OPAP, IPTO, Ellactor, Alpha Bank, Titan and Mytilineos following mildly upward.
On the other hand, in negative areas are EYDAP, Sarantis, Eurobank, Quest, Aegean, PPC, GEK Terna, Lambda, Motor Oil, Hellenic Petroleum, OTE and Terna Energy, but none of them moves with losses of more than 1%, while without change is PPA and ELHA.
The Stock Exchange builds embankments at 950 points
Although the risk-taking moods are low even today on the Athens Stock Exchange, the market manages to remain on positive ground, having significant support from selected securities, which act as mounds and in the fall of almost half of the board.
In particular, the General Index records gains of 0.22% at 953.73 points, while the turnover is at 27 million euros and the volume at 12 million units. The FTSE 25 also increased 0.19% to 2,300.63 points, while the banking index gained 0.32% to 653.02 points.
The market is following an informal rotation, looking for those that are either left behind in the rally of the first fortnight of January, or those that may benefit from the possible tightening of the European Central Bank policy in the coming months. Thus it is maintained at a level of a few units above 950 units, which may be fragile, but gives a sufficiently loud message about the intentions of buyers.
Of course, the second criterion, especially the ECB’s intentions, remains a small question mark, in contrast to what is happening within the Federal Reserve, as the inflationary pressures on the economy are such that they do not threaten the long-term target of 2% in the price index. After all, the leader K. Lagarde today today downgraded the scenario for the change of monetary policy.
However, this does not mean that sectors such as banking can not anticipate a change in the ECB’s interest rate policy, which will benefit them in the long run. This is something that many analysts have pointed out, not only for the Greek industry, but also for the wider world, but others are burdened by the increase in borrowing costs that may lead to an increase in central interest rates.
In any case, the ATHEX seems to be successfully assimilating its levels this week, against the international turmoil caused by the prospects for the intentions of central banks, and this is only positively perceived by domestic analysts. In fact, as long as buying moves are made at the seven-year high, market support appears more capable of halting an unpredictable wave of correction.
On the board
On the board now, Piraeus and Viohalko record gains of 2.80% and 2.21% respectively, with Jumbo gaining 1.32% and Coca Cola, Ethniki, OPAP, IPTO, Ellactor, Alpha Bank, Titan and Mytilineos following mildly upward.
On the other hand, in negative areas are EYDAP, Sarantis, Eurobank, Quest, Aegean, PPC, GEK Terna, Lambda, Motor Oil, Hellenic Petroleum, OTE and Terna Energy, but none of them moves with losses of more than 1%, while without change is PPA and ELHA.
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
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