To the sellers the reins of the Stock Exchange

The Athens Stock Exchange is currently on a steady decline, which, although it manages to absorb part of the supply that is manifested, cannot neutralize the international nervousness about what is happening on the Russian-Ukrainian border.

In particular, the General Index records losses of 0.51% at 958.65 points, while the turnover is at 18.5 million euros and the volume at 10.1 million units. The FTSE 25 also fell 0.60% to 2,345.79 points, while the banking index lost 1.33% to 731.49 points.

Risk reduction moves in all markets are not lacking, as despite the efforts to de-escalate the crisis between Russia and the West, the military mobility, as well as the statements of those involved, leave no room for complacency. So the ATHEX can not be left out of these moves, with assets that offer maximum protection, such as gold, being at the heart of most portfolios.

However, in addition to the current caution, the ATHEX seems to be enduring another period of turmoil at the international level, such as the one it endured in the second ten days of January, which was associated with a change in the policy of the Federal Reserve. At present, the geopolitical upheavals can only secondarily affect the investment choices in Athens Avenue.

Especially in the latter, the market today has another positive analysis, that of Goldman Sachs, which increased the target prices for Greek banks. That is, for the industry that has led the ATHEX recovery since the beginning of the new year, and as everything shows, it will lead it for a long time to come, as most analysts point out, leaving behind the bad legacy of the crisis and opening a new one. development capital.

In fact, Goldman Sachs believes that Greek banks are on a path of strong recovery of ROTE after about 15 years of clearing the loan portfolio. It predicts that the NPE index of Greek banks will reach a single-digit level in 2022 and beyond the risk absorption period, it expects Greek banks to move towards balance sheet growth.

On the board

On the board now, Jumbo is losing 2.25% and Alpha Bank is down -2.04%, while over 1% is the drop in Piraeus, Ellactor and IPTO. Ethniki, Mytilineos, Lambda, Aegean, Eurobank, GEK Terna, Terna Energeiaki, Quest, OPAP, EYDAP and OTE are moving slightly down.

On the other hand, Coca Cola offsets a significant part of the fall of the general index, as it strengthens by 1.24%, while ELHA, PPA, PPC, Hellenic Petroleum, Sarantis and Motor Oil move slightly higher. Unchanged are Titan and Viohalco.