The Stock Exchange gnaws at the profits of the two months

Today, the Athens stock exchange is also in a defensive position, which for the second consecutive session is trying to manage the negative international climate and stay in touch with the 900 units.

In particular, the General Index recorded losses of 0.49% at 892.04 units, while the turnover is at 3.6 million euros and the volume at 2.2 million pieces. The FTSE 25 also fell by 0.54%, at 2,156.73 points, while the banking index lost 1.06% at 593.36 points.

The AXA may have managed the turbulence of the international markets in an exemplary manner, even cutting the cord that connects it to the American climate, even temporarily, but it cannot bypass the money loopholes and the great concerns about the course of the monetary policy of the major central banks banks. The climb to the psychological limit of 900 units is therefore postponed for the time being, with forces being spent on maintaining the lowest level of 890 units, so that it does not enter into bearish adventures again.

Of course, it is difficult to estimate how far these forces may go, that is, if they will eventually allow a correction towards the support of 885 units, or even lower, so as not to dissipate the gains secured in the previous period. Earnings that are attractive enough to let international uncertainty gnaw away, especially ahead of Federal Reserve chief J. Powell’s speech at Jackson Hall on Friday. The speech will be a critical test of the priorities and intentions of the world’s largest central bank, with the memory of last year’s statement about the transience of US inflation still haunting the Fed’s credibility.

Until then, of course, the market will monitor the political processes in Herodos Attikou, even in view of the parliamentary battle on Friday. Next Friday and in the Plenary Session of the Parliament, the Prime Minister and the leaders of the opposition parties will cross their… political swords on the case of surveillance, in a counter-dress rehearsal for the… hot, as expected, at all levels pre-election period.

Dashboard

On the board now, Alpha Bank, ELHA, Ethniki, Coca Cola and Aegean are recording losses exceeding 1%, while Biohalco, Terna Energy, Piraeus, Quest, Eurobank, Motor Oil, PPC, Mytileneos, Hellenic Petroleum, Sarantis and ADMIE.

On the contrary, Ellactor, GEK Terna, Lambda, Titan, OTE, OPAP and ADMIE are moving in positive territory, but none of them are moving with an increase that exceeds 1%. Without change are EYDAP, PPA and Jumbo.