Today, the Athens Stock Exchange suffered a timed shock, which, one day late, followed the plunge of the international markets, also losing the levels of 870 units, since the drop on the board was almost universal.
In particular, the General Index closed with a drop of 2.85% at 868.25 points, while it moved between 887.87 points (-0.66%) and 864.41 points (-3.28%). The turnover amounted to 61.50 million euros and the volume to 30.62 million pieces, while 664.99 thousand pieces were traded through pre-agreed transactions.
The high capitalization index closed with a fall of 3.02%, at 2,093.10 points, while the Mid Cap ended trading at -2.51% at 1,363.40 points. The banking index closed down 4.07% at 562.43 points.
As the Stock Exchange had closed trading when the global sell off began on Friday, it showed today that the risk off was following, despite the fact that the mood in the international markets was not as negative as in the previous session. And given the London bank holiday, the ramparts broke with characteristic ease today, with support of 881 units slipping away without any resistance.
As Ilias Zacharakis of Fast Finance also comments, J. Powell of the Federal Reserve, the “moral author” of the fall, essentially said that it is still too early to talk about a smoother increase in interest rates since inflation needs time to show that it is escalating. The “fat” on the other hand is large, so it is not easy to predict the time, adds Mr. Zacharakis. The only catalyst that could give a bigger boost to economies would be the end of the war, as the turmoil of that has opened the domino of rising energy prices and other prices as well.
Apart from the wave of risk off, the rise in the yield of the ten-year Greek bond, which today has reached 4%, had a large share in the deterioration of the climate. And this level is largely the European Central Bank’s intervention limit, in the context of its new tool against the fragmentation of the Eurozone.
The activation of the new mechanism in this case is also accompanied by conditions that for many resembled memorandum fiscal commitments, something for which the market maintains its reservations, given that the country is gradually entering the last year of the current Parliament. And Greece needs to continue to give the message of fiscal stability if it wants to get an investment grade rating at some point, even in view of the September verdicts from most of the houses.
On the dashboard
On the board now, Piraeus lost 6.51%, with Biochalco, ADMIE, Ethniki, PPC and Aegean following with losses of more than 5%. Above 3% was the fall in Alpha Bank, Jumbo, Mytilineos, OTE and GEK Terna.
Over 2% in ELHA, Ellaktor, Titan, Eurobank, PPA, Quest and Coca Cola, while losses in Lambda, Terna Energy and OPAP exceeded 1%. Sarantis, EYDAP, Motor Oil and Hellenic Petroleum closed down slightly.
The wave of international risk off also hit the Athens Stock Exchange
Today, the Athens Stock Exchange suffered a timed shock, which, one day late, followed the plunge of the international markets, also losing the levels of 870 units, since the drop on the board was almost universal.
In particular, the General Index closed with a drop of 2.85% at 868.25 points, while it moved between 887.87 points (-0.66%) and 864.41 points (-3.28%). The turnover amounted to 61.50 million euros and the volume to 30.62 million pieces, while 664.99 thousand pieces were traded through pre-agreed transactions.
The high capitalization index closed with a fall of 3.02%, at 2,093.10 points, while the Mid Cap ended trading at -2.51% at 1,363.40 points. The banking index closed down 4.07% at 562.43 points.
As the Stock Exchange had closed trading when the global sell off began on Friday, it showed today that the risk off was following, despite the fact that the mood in the international markets was not as negative as in the previous session. And given the London bank holiday, the ramparts broke with characteristic ease today, with support of 881 units slipping away without any resistance.
As Ilias Zacharakis of Fast Finance also comments, J. Powell of the Federal Reserve, the “moral author” of the fall, essentially said that it is still too early to talk about a smoother increase in interest rates since inflation needs time to show that it is escalating. The “fat” on the other hand is large, so it is not easy to predict the time, adds Mr. Zacharakis. The only catalyst that could give a bigger boost to economies would be the end of the war, as the turmoil of that has opened the domino of rising energy prices and other prices as well.
Apart from the wave of risk off, the rise in the yield of the ten-year Greek bond, which today has reached 4%, had a large share in the deterioration of the climate. And this level is largely the European Central Bank’s intervention limit, in the context of its new tool against the fragmentation of the Eurozone.
The activation of the new mechanism in this case is also accompanied by conditions that for many resembled memorandum fiscal commitments, something for which the market maintains its reservations, given that the country is gradually entering the last year of the current Parliament. And Greece needs to continue to give the message of fiscal stability if it wants to get an investment grade rating at some point, even in view of the September verdicts from most of the houses.
On the dashboard
On the board now, Piraeus lost 6.51%, with Biochalco, ADMIE, Ethniki, PPC and Aegean following with losses of more than 5%. Above 3% was the fall in Alpha Bank, Jumbo, Mytilineos, OTE and GEK Terna.
Over 2% in ELHA, Ellaktor, Titan, Eurobank, PPA, Quest and Coca Cola, while losses in Lambda, Terna Energy and OPAP exceeded 1%. Sarantis, EYDAP, Motor Oil and Hellenic Petroleum closed down slightly.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
You may also like
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
The Beauty and Personal Care products company, which was established by a group of young people in Florida State of
Telegraph on Netanyahu after Iran strike: He did what the world warned him not to do
Israel’s strike on Iran in the early hours of Friday did not come as a surprise to Western observers, but
Altcoin Sherpa: “The altcoin market may enter a consolidation phase for several months”
A popular cryptocurrency analyst under the pseudonym Altcoin Sherpa believes that there is a high probability of consolidation of the
United Kingdom: Retail sales at 0% monthly in March compared to 0.3% expected
UK retail sales came in at 0% m/m in March, below estimates. Core retail sales fell 0.3% month-on-month in March.
A conference on cryptocurrency will be held in Minsk on April 28
On Sunday, April 28, a conference dedicated to cryptocurrency will be held in Minsk. The event, which will take place
The deputy head of a DenizBank branch is accused of embezzling depositors' money to buy cryptocurrencies
Turkish police arrested the deputy head of the DenizBank branch in the Manavgat district of Antalya, Utka Erdem, and seven
Grayscale is waiting for the approval of an ETF based on altcoins
Grayscale investment team spokesman David LaValle said during the discussion that he is “100%” confident that exchange-traded funds based on
Get the latest
Stay Informed: Get the Latest Updates and Insights
Most popular
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
Telegraph on Netanyahu after Iran strike: He did what the world warned him not to do
Altcoin Sherpa: “The altcoin market may enter a consolidation phase for several months”
United Kingdom: Retail sales at 0% monthly in March compared to 0.3% expected
A conference on cryptocurrency will be held in Minsk on April 28