The Stock Exchange ‘extinguishes’ the profits of the two days

With Coca Cola primarily and with Ethniki secondarily, the Athens Stock Exchange finally succumbs to their pressures, but also to the negative international climate created by the latest wave of the pandemic in Europe, now falling below 920 points.

In particular, the General Index records losses of 0.71% at 916.50 points, while the turnover is at 27.3 million euros and the volume at 9.7 million units. The FTSE 25 also recorded a drop of 0.73%, to 2,208.49 points, while the banking index recorded losses of 0.55% to 606.01 points.

Both the new tough decisions of several European countries for new measures to reduce the pandemic, as well as the dramatic tone of government ministers in Greece that there is a struggle not to close the economy again, affect the ATHEX, which now loses 920 points again . What he has built in the previous two days therefore seems to be losing, as he takes a breath away from the levels he opened this week.

However, apart from the negative climate that the ATHEX has in the last hour, the message given by the General Index is that it could not again reach 930 points, moving again in a narrow range just above 900 points. And this at a time when foreign analysts are improving their assessments of the Greek economy and banks (today HSBC) and the financial staff is submitting a budget with very positive messages.

Concerns about the pandemic

However, what is pointed out by domestic analysts is that the epidemiological picture in both our country and in Europe is problematic. And it concerns a period when retail carries out a large part of the turnover of the year, and for which strict measures are imposed on the unvaccinated, ie more than 30% of the country’s population.

And this situation comes at a time when the budget estimates that revenues for 2021 are expected to reach 50.927 billion euros, showing an increase of 438 million euros or 0.9%, compared to the target. But if retail sales get stuck in the last month, fiscal revenue will have little room for improvement.

Dashboard

On the board now, Coca Cola is losing 2%, with Ethniki, EYDAP, GEK Terna, Aegean, Viohalco and PPC following with a drop of more than 1%. OTE, Titan, Eurobank, Motor Oil, Mytilineos, IPTO, OPAP, HELEX, Piraeus, Hellenic Petroleum, Ellactor and Terna Energy are moving slightly down.

On the other hand, the PPA is maintained at + 1.21%, with ELHA, Saranti, Jumbo and Alpha bank following with modest gains. Lambda is unchanged.