The Stock Exchange is also fighting for 920 points

of Alexandra Tombra

Energy concerns have overshadowed trading on the Athens Stock Exchange, which is once again losing touch with 950 points under the weight of most of its stocks.

In particular, the General Index records losses of 2.02% at 919.98 points, while the turnover is at 37 million euros and the volume at 11 million units. The FTSE 25 also fell 1.90% to 2,238.42 points, while the banking index fell 1.92% to 658.50 points.

The ATHEX may have managed to keep “character” against the international downturn, but when the problems from the Russian-Ukrainian conflict are outside the door of Greece, then it can not remain unaffected.

Now the latest decision of Russia to turn off the gas tap in countries that do not pay in rubles is another challenge that will be called in the coming weeks to face Greece, as DEPA Trade will have to pay the installment of supplies received.

According to stock market sources in Capital.gr, a solution to this problem is most likely to be found, but the “hurried” and the short-term at the ATHEX find an opportunity to encapsulate the April profits, before disappearing under the weight of uncertainty. In fact, if the general index does not return to the level of 900 points, then this pullback will be a good opportunity to maximize profit.

What the same sources point out is that their gas problem is not only of Greece, but touches all European countries, which will require a more comprehensive solution. What is not certain is how soon it will come, and whether the markets will not enter a vicious cycle in the meantime.

During this period, the general index should hold the support of 916 points, as its downward break will accelerate the downward movement.

On the board

On the board now, Viohalco loses 4.56%, with PPC, Lambda and Quest following with losses of more than 3%. Coca Cola, Piraeus, Mytilineos, IPTO, Eurobank, GEK Terna, Terna Energy and PPA are down more than 2%.

The losses in Aegean, Alpha Bank, ELHA, Ellactor, EYDAP, Jumbo, OPAP, Sarantis, Titan and Motor Oil exceed 1%, while OTE, Ethniki and Hellenic Petroleum are moving slightly downwards.