LAST UPDATE: 14:55
The Athens Stock Exchange is currently landing at the level of 940 points, which, although it tried to put a brake on the sellers, they have finally taken the reins of the market, depriving the general index of more than 15 points.
In particular, the General Index records losses of 1.61% at 942.22 points, while the turnover is at 66.5 million euros and the volume at 39 million units. The FTSE 25 also fell 1.62% to 2,276.51 points, while the banking index lost 2.04% to 649.63 points.
At a time when international markets are witnessing a sharp wave of capital shifts to more secure assets, such as bonds, the ATHEX has managed to hold levels at 950 points this week, signaling that the latest mini-rally that has essentially begun in the last ten days of last year was not another “game” of the short term. And this seems for another day today, as the market shows resilience in the international downturn.
Of course, nothing can be discounted if the international unrest persists and intensifies in the near future. Besides, one should not forget that the ATHEX is also vulnerable and shallow, therefore “sensitive” to disturbances that go beyond the “self-sacrifice” of the long. The memory of the “indifferent” meetings at a time when foreign analysts were praising the Greek economy, which in fact have been growing dangerously since last September, is not far off.
No analyst, domestic or foreign, argues against the positive prospects of the Greek economy, which sooner or later are reflected on the board. But again, no one forgets that a negative international environment can affect both the outlook for the economy and market performance, when both are vulnerable.
On the board
On the board now, ELHA loses 3.15%, with Alpha Bank, Ellactor, Viohalko, Eurobank, Hellenic Petroleum, IPTO, Lambda, Ethniki, Mytilineo and GEK Terna following with losses of more than 2%.
Piraeus, Motor Oil, Aegean, EYDAP, Quest, PPA, Terna Energy, Jumbo and Coca Cola are moving above -1%, while Titan, OPAP, OTE and Sarantis are moving slightly down.