The Stock Exchange is stuck again at 900 points

The upheaval on the Athens Stock Exchange lasted for a few hours, which is now moving again in the zone of 900 points, as, as it seemed, the concerns about the fronts that the war in Russia has opened in Ukraine remain.

In particular, the General Index records gains of 0.32% at 903.27 points, while the turnover is at 32 million euros and the volume at 10.8 million units. The FTSE 25 also rose 0.24% to 2,186.52 points, while the banking index rose 1.20% to 630.82 points.

The general index may have tried to break through the first significant resistance of 916 points, but this effort triggered the fold of buyers and several release moves. So once again the 897-900 zone is expected to be tested, which must hold if the market does not want to test movement towards 871 units.

However, the expectations for the positive scenario, ie to return above 930 points, are still low, as the climate both inside and outside the borders is not only reassuring. And the head of the Federal Reserve, Jerome Powell, may have dropped the aggressive tones of the tightening yesterday, but the fronts that caused shocks in the markets in the past have not closed. And these will determine whether the downturn will continue, or whether it will stop here.

However, even in this difficult environment, there is some lack of optimism, such as the one revealed today by Capital.gr, that according to sources, the ECB is going to activate a new tool for smoothing spreads. This mechanism targets mainly the bonds of the indebted South, ie in Greece, where there is a greater risk of speculation and increase in spreads. That is, it will intervene where and when the spreads are not justified by the fiscal and basic sizes of the economies.

On the board

On the board now, Motor Oil and Eurobank maintain their profits at 2.80% and 2.35% respectively, while over 1% is the rise in Ellactor, Viohalco, ELHA and Coca Cola. Alpha Bank, GEK Terna, Titan, Piraeus, EYDAP, Ethniki, OPAP and Aegean are moving slightly upwards.

On the other hand, Jumbo loses 2.30%, with Mytilineos, Sarantis and IPTO following with losses of more than 1%. Lambda, PPC, Quest, PPC, OTE, PPA and Hellenic Petroleum are moving slightly downwards. Terna Energy has not changed.