The Athens Stock Exchange is currently struggling to defend the levels of 820 points, which is again under strong pressure, as a major shift in the policies of the central banks is underway.
In particular, the General Index records losses of 2.06% at 821.67 points, while the turnover is at 33 million euros and the volume at 11 million units. The FTSE 25 also fell 2.14% to 1,984.83 points, while the banking index recorded losses of 3.55% to 526.96 points.
What we are seeing is a large turnover of large funds into traditional safe havens, until the prospects and intentions are clear. And the Greek Stock Exchange can not but be in the crosshairs of divestments in high risk markets, even if the presence of foreigners is relatively low in Athens.
Everything that the Stock Exchange has been trying to achieve in recent months, that is, to improve the quality of its long-held portfolios, is collapsing within a few days. The congestion at the exit door is great, as one after another the central banks try to control inflation, putting a brake on cheap money, but also on consumption and investment. Of course, where this will lead is the big question, as the last time it was done by Paul Volker, it led the American economy into recession.
Having recalled this memory, the markets are looking for either liquidity or safe havens, until they can clarify the impact of the decisions now being made on the economy as a whole. And the big issue that now concerns Athens Avenue is when the slump will stop, that is, when the sellers will stop incorporating the worst case scenario for the Greek economy.
On the board
On the board now, Piraeus, Ethniki, Eurobank, Alpha Bank, ELHA and Viohalko record losses of more than 3%, while Jumbo, Hellenic Petroleum, OTE, PPC, Lambda, OPAP and Mytilineos are moving above -2%.
The drop in PPA, Aegean, GEK Terna, Quest, Sarantis and IPTO exceeds 1%, with EYDAP, Titan and Motor Oil following with controlled pressures. Ellactor is unchanged, with Coca Cola at + 0.98% and Terna Energy at + 1.12%.
The Stock Exchange is also fighting for 820 points
The Athens Stock Exchange is currently struggling to defend the levels of 820 points, which is again under strong pressure, as a major shift in the policies of the central banks is underway.
In particular, the General Index records losses of 2.06% at 821.67 points, while the turnover is at 33 million euros and the volume at 11 million units. The FTSE 25 also fell 2.14% to 1,984.83 points, while the banking index recorded losses of 3.55% to 526.96 points.
What we are seeing is a large turnover of large funds into traditional safe havens, until the prospects and intentions are clear. And the Greek Stock Exchange can not but be in the crosshairs of divestments in high risk markets, even if the presence of foreigners is relatively low in Athens.
Everything that the Stock Exchange has been trying to achieve in recent months, that is, to improve the quality of its long-held portfolios, is collapsing within a few days. The congestion at the exit door is great, as one after another the central banks try to control inflation, putting a brake on cheap money, but also on consumption and investment. Of course, where this will lead is the big question, as the last time it was done by Paul Volker, it led the American economy into recession.
Having recalled this memory, the markets are looking for either liquidity or safe havens, until they can clarify the impact of the decisions now being made on the economy as a whole. And the big issue that now concerns Athens Avenue is when the slump will stop, that is, when the sellers will stop incorporating the worst case scenario for the Greek economy.
On the board
On the board now, Piraeus, Ethniki, Eurobank, Alpha Bank, ELHA and Viohalko record losses of more than 3%, while Jumbo, Hellenic Petroleum, OTE, PPC, Lambda, OPAP and Mytilineos are moving above -2%.
The drop in PPA, Aegean, GEK Terna, Quest, Sarantis and IPTO exceeds 1%, with EYDAP, Titan and Motor Oil following with controlled pressures. Ellactor is unchanged, with Coca Cola at + 0.98% and Terna Energy at + 1.12%.
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.
You may also like
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
The Beauty and Personal Care products company, which was established by a group of young people in Florida State of
Trump said ending the war between Russia and Ukraine would help him enter Paradise
US President Donald Trump said on Tuesday that it excludes the development of US troops in Ukraine, but said the
Greece and the other eight members of the UN SA signed a joint statement on sexual violence in conflict
Nine Member States of the Security Council-Denmark, France, Greece, Guyana, Republic of Korea, Sierra Leone, Slovenia, United Kingdom and Panama-signed
NATO’s Secretary General talked to Erdogan on the decisions of the summit in Washington
NATO Secretary -General Mark Rutte had a phone call with Turkish President Recep Tayyip Erdogan, returning from the summit with
Shocking accident in Afghanistan – 71 dead, 17 children among the victims
More than 70 people died in a deadly traffic accident in Herat province, western Afghanistan, according to a statement by
Jenna Ortega is worried about her success: “Being an assertive woman frightens, but I don’t want to stay without a voice anymore”
For a few days he has been at the top of the Netflix rankings for the most loved series (the
Volodimir Zelenski: “Europe has never been so united around Ukraine”
Volodimir Zelenski appeared in a more optimistic style in a message posted on social networks. As he said, he had
Get the latest
Stay Informed: Get the Latest Updates and Insights
Most popular
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
Trump said ending the war between Russia and Ukraine would help him enter Paradise
Greece and the other eight members of the UN SA signed a joint statement on sexual violence in conflict
NATO’s Secretary General talked to Erdogan on the decisions of the summit in Washington
Shocking accident in Afghanistan – 71 dead, 17 children among the victims