The stock market lost momentum

LAST UPDATE 15:00

It erased the small gains recorded by the Athens market and is now moving with marginal changes in the area of ​​yesterday’s closing, with the international indices moving downwards in the absence of any development in Ukraine.

In particular, the General Index is moving at 884.98 points with just + 0.03% and a low turnover at 32.2 million euros, the FTSE 25 is similarly at 2,140 points with + 0.05%, while the banking sector is rising 1.13% at 648.38 points.

The eyes of the markets remain on Ukraine, as the signs of approach of the warring parties at the beginning of the week pushed the global indices into a rally, something that the ATHEX took advantage of in the best way and returned to the levels that started the year.

It was interesting that, unlike the previous meetings, the banking sector did not lead, but there was a greater diffusion of liquidity with the high capitalization following a parallel pace with the banks.

After all, yesterday, despite the new optimistic messages from international companies, the bank securities recorded strong losses, the shares of the TERNA group, the parent company GEK and TERNA Energeiaki, held a strong rally that offset the losses and kept the GD at 80 points with comfort. .

Especially for TERNA Energy, it is worth noting the jump of almost 34% that it has recorded since the beginning of the Russian invasion of Ukraine, which toppled the world indices.

However, since the title slowed down in today’s session, the DG also lost its momentum, with the banks giving support to the pressures.

In particular, in the international markets the German DAX erased its profits and now moves to -0.34%, the French CAC 40 to -0.4% and the pan-European Stoxx 50 to -0.48%.

Similarly, after the small correction yesterday, the futures of the American market are moving with mixed signs and small changes (Dow -0.1%, S&P 500 + 0.03% and Nasdaq + 0.27%)

At the same time, oil is falling again against the background of Biden’s thoughts on the release of “huge” quantities from US reserves, something that pushes prices to $ 100 a barrel.

Finally, at the technical level at the ATHEX, short-term support has now become the level of 868 units, while within the existing trend the DG sees up to 920 units.

It is noted that with closing above 893.34 points today, the DG has completed in positive territory the first quarter of the year, during which it had fallen to 789.66 points.

On the board

TERNA Energeiaki lost its pace (high of the day 17.28 euros with + 2.86%) and now moves with small losses of 0.12% and supports are now given by Aegean at + 2.78%, Biochalco at +1, 24%, Quest at + 1% and mainly Eurobank from the banks.

In particular, Eurobank is at + 2.23%, NBG at + 1.2%, Alpha at + 0.4% and Piraeus at + 0.35%.

In the other non-bank blue chips, Lambda is at + 0.7%, Ellactor at + 0.6% and Titanas at + 0.3%.

On the contrary, we have sales at PPC with -1.92%, at Motor Oil with -1.31%, at ELPE with -1.25%, at OTE with -1.29% and Coca Cola with -0.92%.

In the medium capitalization, Epsilon continues its steady upward trend with a new jump of 5.67%, followed closely by Entersoft with + 5%, and then Plastics Thrace with + 1.5%.

Of the total shares, 49 are up against 52 down and 17 are flat.

M. Chachladakis