The stock market is in search of direction

Marginally upward trends prevail in the Athens market in the last meeting of the stock exchange week.

In particular, the General Index moves to 882.24 points with an increase of 0.23%, the FTSE 25 strengthens slightly by 0.16% to 2,131 points, as well as the banking index which moves to 644 points with + 0.22%.

In parallel with the European indices, the Athens market is moving cautiously with its attention focused on Ukraine, as the daily developments from the course of the negotiations also give direction to the investment psychology.

Earlier in the week, world markets welcomed new signs of some diplomatic convergence between Moscow and Kiev with a two-day rally bringing the DG to 890 points. Then, however, without any new developments, the movement both domestically and internationally was slightly but steadily declining, with the markets cutting the profits of the two days.

In the same climate, European indices are currently moving with a marginal increase, with the German DAX at + 0.33%, the French CAC 40 at + 0.07% and the pan-European Stoxx 50 at + 0.16%.

On the other side of the Atlantic, the US market ended yesterday the worst quarter of the last two years, with losses of 4.6% for the Dow, 4.9% for the S&P 500 and 9.1% for the Nasdaq. Wall Street indices also fell in yesterday’s session with a fall of about 1.5%, but futures today show upward movement.

At the same time, oil is now moving in the $ 100 range against the backdrop of Biden’s decision to launch 1 million barrels per day from US safety reserves for the next six months.

On the board

The session has started with purchases in IPTO (+ 3.12%), Saranti (+ 1.95%) and EYDAP (2.33%), while GEK TERNA and Ellactor are at + 0.75% and OTE at + 0.98%.

Marginal changes in banks, with Eurobank at + 0.14%, Alpha at + 0.09%, while the EIB falls by 0.2% and Piraeus by 0.5%.

Respectively, sales are mainly ELHA which falls by 1.72%, while Aegan moves to -0.72%, Jumbo to -0.44% and Titanas to -0.3%.

In the medium capitalization, Epsilon continues its steady upward trend with + 1.25% and Intracat strengthens by 1.83%.

M. Chachladakis