The wave of the Ukrainian crisis is hitting the Stock Exchange as well

LAST UPDATE: 10.55

The pressures on the Athens stock exchange today are strong, which can not escape the grip of the international sell off, on the margins of the geopolitical risks that lurk in the Russia-West relations for Ukraine.

In particular, the General Index records losses of 3.12% at 940.76 points, while the turnover is at 22.66 million euros and the volume at 5.6 million units. The FTSE 25 also fell 3.05% to 2,303.40 points, while the banking index lost 4.35% to 713.21 points.

At a time when the general index was heading towards 970 points, for the first time in seven years, the mini-geopolitical crisis came in Ukraine to put the ATHEX in the channel of strong shocks, in which the international markets are also located. Thus, the losses reach even 30 points, with the banking sector, which led the great recovery of 2022, being at the center of the plunge.

The ATHEX therefore cannot be differentiated, at a time when both European and earlier Asian indices are under strong pressure. According to Capital.gr, tensions over Russian military aid near Ukraine’s border are entering a potentially decisive week, with the US warning that an invasion could be imminent and Russian President Vladimir Putin accusing the US of failing to do so. meet its requirements.

What most analysts point out is that the mix between uncertainties about the Ukrainian crisis, inflation and rising domestic valuations is now acting as a deterrent to a part of the investing public that remains skeptical about the future of the rise at a time when the picture in abroad is not optimistic. And without repeating the estimates based on the technical picture of the market, investors should be more cautious if they choose a short-term strategy, but remain faithful to their long-term strategies, as there may be an immediate geopolitical de-escalation.

Dashboard

On the board now, Eurobank is losing 5.16%, with Alpha Bank, Aegean and Coca Cola following with losses of more than 4%. Piraeus, Jumbo, Ethniki and Mytilineos are moving above -3%.

The drop in PPC, Viohalko, OPAP, ELHA, Motor Oil and Titan exceeds 2%, while that in Hellenic Petroleum, GEK Terna, Quest, OTE, IPTO, Terna Energy, EYDAP, Lambda, Sarantis and Ellactor 1%. The PPA remains slightly declining.