The stock market is shaken by the sellers

LAST UPDATE: 15:43

Even the levels of 790 units shows that the Athens Stock Exchange is losing, which as much as it tried to keep defenses to the sellers, the pressures especially in the banking sector are strong to absorb them.

In particular, the General Index registers a drop of 1.98% to 789.63 units, while the turnover is at 43 million euros and the volume at 20 million pieces. The FTSE 25 also recorded losses of 2.25%, at 1,884.36 points, while the banking index recorded a drop of 4.08% at 461.48 points.

Recession fears due to aggressive tightening, persistent inflationary pressures, and the risk of early elections have created a difficult mix in the Greek market, which does not allow purchasing power to take initiatives, even at these lowest levels of this year. As much as the valuations are attractive, when the prospects look cloudy, the buyers will not be able to unfold their strategies, a stock market source tells Capital.gr.

Thus, the domestic economic environment, despite the recovery of business agreements and the intensity of the rumors on the front of acquisitions and mergers, does not seem to move the Stock Exchange which is under the constant influence of the international factor and also of the rhetoric which has recently gained a dominant position in the news.

If you add to the above mix the great uncertainties that exist in the last months in the international markets, then one can easily understand why the AXA was not able to change the level this year and recover the 1,000 units after many years, as the market initially hoped. And even more worryingly, the outlook for the rest of the year is even bleaker, especially as winter sets in and Europe risks experiencing an energy crisis of unprecedented intensity.

On the dashboard

On the board now, Piraeus loses 6.62%, with Eurobank and GEK Terna following with -5.47% and 5.24% respectively. Above 3% are the losses in Alpha Bank, ELHA, Terna Energy and PPC and above 2% in Mytilene, EYDAP, PPA, Ethniki, Lambda and ADMIE.

Over 1% is the drop in OPAP, Jumbo, Aegean and Quest, while Titan, Hellenic Petroleum, Motor Oil, Coca Cola, Sarantis and Viochalko are moving slightly lower, while OTE is at +0.06%.