The stock market controls its pressures

The Athens stock market is moving down today, which again… loses the levels of 800 points, under the weight of the uncertainty created by the developments with the Nord Stream and Europe’s energy sufficiency.

In particular, the General Index recorded a drop of 0.45% to 798.59 units, while the turnover is at 3.9 million euros and the volume at 2.6 million pieces. The FTSE 25 also recorded losses of 0.53%, at 1,910.91 points, while the banking index fell 1.79% at 475.52 points.

Today, all eyes are on the developments surrounding him Nord Stream, as Russia moves to shut off gas flow for “maintenance.” According to Goldman Sachs, the most likely scenario is for the pipeline to remain closed even after the maintenance, which is scheduled to last 11 days, is completed. In such an eventuality, the natural gas market is not expected to return to normal and the turmoil is expected to continue.

Internally, however, according to Ilias Zacharakis of Fast Finance, things are much better. Day by day it seems that tourism will break the historical record at least in terms of arrivals from 2019 with the bet being whether it will manage to surpass the receipts of 18 billion in 2019. Finally, the Prime Minister’s move to close the early election scenarios only it can be positive for the country. It may take the risk of losing units in the coming months, on the other hand, the pace of the economy will not be affected.

With all of the above and without a worsening of any front in the coming months, the chances of achieving a much higher target than the 3.2% of most forecasts for the growth of 2023. Greece is certainly in a different phase from the rest of the countries, something that can to show it on the stock exchange, according to Zacharakis.

On the dashboard

On the board now, Viohalco loses 3.45%, Alpha Bank declines by 2.35% and PPC by 2.01%, while Piraeus, Eurobank, Mytileneos, Titan and Lambda all lost more than 1%. ELHA, Ethniki, Terna Energy, Aegean, Motor Oil, GEK Terna and ADMIE are moving slightly lower.

On the other hand, EYDAP and Hellenic Petroleum are posting gains that exceed 1%, while Jumbo, OPAP, OLP, OTE, Sarantis, Quest and Coca Cola are moving slightly upwards. Ellaktor is unchanged.