The Stock Exchange succumbs to international pressures

LAST UPDATE: 15:29

Unable to keep the level of 930 points at the end of the week, the Athens Stock Exchange appears, with buyers seem reluctant to absorb the offer from the risk off movements that occur especially from 12:00 onwards.

In particular, the General Index records losses of 1.53% at 920.32 points, while the turnover is at 61.3 million euros and the volume at 22.2 million units. The FTSE 25 also fell 1.48% to 2,230.42 points, while the banking index lost 0.75% to 656.39 points.

The sellers have taken the reins of the meeting, following the “example” of European markets, which saw their pressures increase after the announcement of the data on the course of the major economies, and more specifically of Germany, France and Spain. . The slowdown in growth, especially in Germany, has restored fears about the course of the Eurozone economy, at a time when inflation is galloping and the European Central Bank has launched the gradual lifting of measures to support the economy.

Also, the climate inside does not help buyers increase the risk in their portfolios, as the government will have to “freeze” the reform legislative initiatives to deal with the vote on the motion of censure it received. And this is especially important for foreign investors who have linked the positive macroeconomic environment to the modernization of the economy in order to increase their long-term positions.

Of course, the wave of liquidations in sync with international trends, removed the general index from the area of ​​950 points, which is considered the last bastion of those who want to keep their valuations low. However, the message is not only negative, as in the area of ​​915-920 units the buyers’ reflexes were mobilized, giving the signal of the resilience of the domestic market.

On the board

On the board now, Lambda loses 3.30%, with Jumbo, PPC, Motor Oil, Viohalko, Hellenic Petroleum, Aegean and Quest following with losses of more than 2%. Over 1% is the drop in PPA, Mytilineos, Titan, GEK Terna, Terna Energy, Coca Cola, OTE, ELHA, Piraeus, OPAP, EYDAP, Eurobank and IPTO.

Alpha Bank, Ellaktor and Sarantis are moving slightly downwards, while on the other hand, Ethniki and Terna are moving slightly upwards.