The Athens Stock Exchange has put its pressures under control at the moment, showing signs of strength positions in the zone of 820 points, which were activated in both today’s and Monday’s session.
In particular, the General Index records losses of 0.25% at 821.83 points, while the turnover is at 32 million euros and the volume at 7.9 million units. The FTSE 25 is down 0.30% at 1,978.17 points, while the banking index is down 0.62% at 514.7 points.
What the market seems to want is to keep the levels, without taking any greater risk or testing the psychological threshold of 800 points. And as everything shows, the semester will be completed at these levels, as buyers are not only selective, but also have a very short horizon, liquidating immediately with the slightest disturbance.
In addition to international uncertainties, analysts’ estimates for the course of the economy are now negative, a scenario that if confirmed will affect the results of listed companies. The latest example was DBRS, which downgraded its estimates by now predicting that Greek GDP will grow by 3.9% this year and by 3.2% in 2023, from 4.3% and 3.4% forecast in March. and in its previous report on the international economic outlook.
But except for Greece, everything shows that growth this year will be marginal in Europe and America while it still takes time to show us how long interest rate hikes will last and how long high inflation will last. At the same time, the fall in bonds has very hastily discounted the increase, with the result that the yields have already started to become tempting, at least at this stage, something that can give them a serious upward breath.
On the dashboard
On the board now, Viohalko, Terna Energy, Lambda, Quest, Hellenic Petroleum, OPAP, Mytilineos, Eurobank and PPA record losses of more than 1%, with ELHA, GEK Terna, Coca Coa, Jumbo, Alpha Bank followed by Ellaktor small drop.
On the other hand, PPC gains 2.52%, with OTE and IPTO gaining 1.72% and 1.27% respectively. Motor Oil, Sarantis, Ethniki and Aegean are moving slightly upwards. Unchanged are Titan and EYDAP.
The Stock Exchange controls its pressures
The Athens Stock Exchange has put its pressures under control at the moment, showing signs of strength positions in the zone of 820 points, which were activated in both today’s and Monday’s session.
In particular, the General Index records losses of 0.25% at 821.83 points, while the turnover is at 32 million euros and the volume at 7.9 million units. The FTSE 25 is down 0.30% at 1,978.17 points, while the banking index is down 0.62% at 514.7 points.
What the market seems to want is to keep the levels, without taking any greater risk or testing the psychological threshold of 800 points. And as everything shows, the semester will be completed at these levels, as buyers are not only selective, but also have a very short horizon, liquidating immediately with the slightest disturbance.
In addition to international uncertainties, analysts’ estimates for the course of the economy are now negative, a scenario that if confirmed will affect the results of listed companies. The latest example was DBRS, which downgraded its estimates by now predicting that Greek GDP will grow by 3.9% this year and by 3.2% in 2023, from 4.3% and 3.4% forecast in March. and in its previous report on the international economic outlook.
But except for Greece, everything shows that growth this year will be marginal in Europe and America while it still takes time to show us how long interest rate hikes will last and how long high inflation will last. At the same time, the fall in bonds has very hastily discounted the increase, with the result that the yields have already started to become tempting, at least at this stage, something that can give them a serious upward breath.
On the dashboard
On the board now, Viohalko, Terna Energy, Lambda, Quest, Hellenic Petroleum, OPAP, Mytilineos, Eurobank and PPA record losses of more than 1%, with ELHA, GEK Terna, Coca Coa, Jumbo, Alpha Bank followed by Ellaktor small drop.
On the other hand, PPC gains 2.52%, with OTE and IPTO gaining 1.72% and 1.27% respectively. Motor Oil, Sarantis, Ethniki and Aegean are moving slightly upwards. Unchanged are Titan and EYDAP.
Source: Capital
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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