The Stock Market went slightly higher

The Athens stock exchange is moving with small gains today, which shows no inclination to change the level of 830 units it has been at for the last few days and will probably close the month as well.

In particular, the General Index registers gains of 0.45% at 833.01 units, while the turnover is at 2 million euros and the volume at 0.9 million pieces. An increase of 0.40% was recorded by the FTSE 25, at 1,998.26 points, while the banking index gained 0.45% at 497.04 points.

All eyes are on the Federal Reserve’s interest rate decision today, as it will be seen whether or not it adjusts the pace of policy tightening to control inflation. And this pace of the Fed, will also judge capital flows to and from the US, affecting almost all markets worldwide.

The ASE cannot remain unaffected by these flows, although the “requirements” for the market to move higher are small. That is, the funds needed to be able to get out of the zone of lows of the year are comparatively lower, with the degree of risk also being lower compared to other emerging markets.

However, July ends with the market almost in a sideways movement, without major fluctuations. The negative protagonist was turnover, which could not pick up pace at a time when the Greek market needed capital to get out of the lows it fell to in the two months of May – June. And that picture is clearly not expected to change as we enter the heart of summer.

Dashboard

On the board now, Coca Cola, Quest and Hellenic Petroleum are recording gains of more than 1%, while PPA, Piraeus, ADMIE, Ethniki, OTE, PPC, GEK Terna, Eurobank, Jumbo, Lambda, Biohalco and OPAP are moving slightly upwards.

On the other hand, Ellactor corrects today by 3.28%, with Terna Energy and Aegean losing 1.30% and 1.12% respectively. Motor Oil, Titan, EYDAP, Sarantis and Mytileneos are slightly down. Alpha bank and ELHA remain unchanged.