The Athens Stock Exchange is currently moving around 890 points, which may be “looking” for the remaining portfolios on Christmas Eve, but manages to move higher for the third consecutive session.
In particular, the General Index records gains of 0.65% at 889.76 points, while the turnover is at 16.2 million euros and the volume at 7.1 million units. The FTSE 25 also rose 0.81% to 2,140.75 points, while the banking index gained 0.85% to 573.27 points.
The December pattern appears to be characterized by violent falls due to developments on the pandemic front, followed by slow and selective recovery. So instead of experiencing a santa rally, satisfying after eight months of accumulation, the ATHEX expanded this series for another month, even limiting the range between 857 and 904 points.
Foreigners support the lockdown, except on the agenda
Although the market remains wary of the new variant of Covid 19, the government is trying to keep the lockdown off the agenda. The “Omicron” mutation and the risk of an exponential increase in cases during the holidays due to large gatherings, led the government to take new measures, which, however, are not expected to significantly affect economic activity, at least for now.
The Omicron variant and possible new restrictions could of course affect year-end consumption, as the share of the vaccinated population is around 65% – one of the lowest in the EU. Greece could be exposed to rapid growth infections, leading the government to tougher measures.
At the same time, the Greek economy continues with very strong steps, as HSBC states in its report today, where it is proceeding with a new upgrade of its assessment of growth this year, placing it at 8.8% from 7.5% which had “risen” in October, while at 4.5% (from 5% before) it sees growth in 2022 and at 4% in 2023.
On the board
On the board now, EYDAP, Terna Energy, Titan, Alpha Bank, Ellactor, OPAP and Eurobank record profits exceeding 1%, while Lambda, OTE, Ethniki, ELHA, Mytilineos and PPC are moving close to + 1%.
Quest, Hellenic Petroleum, Piraeus, Coca Cola, Viohalko, GEK Terna, Jumbo, Aegean and Sarantis are moving slightly upwards, with IPTO not changing. On the other hand, PPAs and Motor Oil recorded small losses.
.
The Stock Exchange is flirting with 890 points
The Athens Stock Exchange is currently moving around 890 points, which may be “looking” for the remaining portfolios on Christmas Eve, but manages to move higher for the third consecutive session.
In particular, the General Index records gains of 0.65% at 889.76 points, while the turnover is at 16.2 million euros and the volume at 7.1 million units. The FTSE 25 also rose 0.81% to 2,140.75 points, while the banking index gained 0.85% to 573.27 points.
The December pattern appears to be characterized by violent falls due to developments on the pandemic front, followed by slow and selective recovery. So instead of experiencing a santa rally, satisfying after eight months of accumulation, the ATHEX expanded this series for another month, even limiting the range between 857 and 904 points.
Foreigners support the lockdown, except on the agenda
Although the market remains wary of the new variant of Covid 19, the government is trying to keep the lockdown off the agenda. The “Omicron” mutation and the risk of an exponential increase in cases during the holidays due to large gatherings, led the government to take new measures, which, however, are not expected to significantly affect economic activity, at least for now.
The Omicron variant and possible new restrictions could of course affect year-end consumption, as the share of the vaccinated population is around 65% – one of the lowest in the EU. Greece could be exposed to rapid growth infections, leading the government to tougher measures.
At the same time, the Greek economy continues with very strong steps, as HSBC states in its report today, where it is proceeding with a new upgrade of its assessment of growth this year, placing it at 8.8% from 7.5% which had “risen” in October, while at 4.5% (from 5% before) it sees growth in 2022 and at 4% in 2023.
On the board
On the board now, EYDAP, Terna Energy, Titan, Alpha Bank, Ellactor, OPAP and Eurobank record profits exceeding 1%, while Lambda, OTE, Ethniki, ELHA, Mytilineos and PPC are moving close to + 1%.
Quest, Hellenic Petroleum, Piraeus, Coca Cola, Viohalko, GEK Terna, Jumbo, Aegean and Sarantis are moving slightly upwards, with IPTO not changing. On the other hand, PPAs and Motor Oil recorded small losses.
.
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
She had lip fillers and her face swelled up so much she couldn't breathe
A young woman decided to put fillers on her lips to make her appearance more beautiful and ended up unrecognizable
Lucas sings again for Pitel on BBB 24: “I’ve been wanting it for a while”
The Physical Education teacher Lucas Henrique nicknamed Buddha in BBB 24 sang again for a social worker Giovanna Letícia to
UFRGS entrance exam places the book “O Avesso da Pele” as mandatory reading
The Federal University of Rio Grande do Sul (UFRGS) released this Thursday (28) the list of mandatory readings for the
He contracted sepsis and nearly died when 500 venomous spiders invaded his home
A man came close to death and fought for his life after being taken to hospital with sepsis after 500
Preta Gil releases behind-the-scenes images from the Carnival block
The singer Preta Gil released this Thursday (28) behind-the-scenes images of its Carnival : O Preta Block . The event
Alexandre Lima, musician of the band Manimal, dies at the age of 54
At 54 years old, the musician Alexandre Lima died this Thursday (28), in Vitória, Espírito Santo, after being more than
Get the latest
Stay Informed: Get the Latest Updates and Insights
Most popular
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
She had lip fillers and her face swelled up so much she couldn't breathe
Lucas sings again for Pitel on BBB 24: “I’ve been wanting it for a while”
UFRGS entrance exam places the book “O Avesso da Pele” as mandatory reading
He contracted sepsis and nearly died when 500 venomous spiders invaded his home