Trading around 860 units on the Stock Exchange

The Athens Stock Exchange is holding a wait-and-see attitude today, trying to keep the 860-point zone against the negative international climate that is escalating after the two-day reaction.

In particular, the General Index records gains of 0.12% at 860.80 points, while the turnover is at 6 million euros and the volume at 2.7 million units. The FTSE 25 also recorded an increase of 0.03%, at 2,066.95 points, while the banking index lost 0.01% to 560.75 points.

Not down … not up. This is the picture that the general index shows since May 6, when it slipped below 870 points, which it has been difficult to recover ever since. The fluctuation remains at the close between 846 and 866 units, with buyers reacting to the falls, but being exhausted on the rises.

On the other hand, the banking sector shows the most negative picture, as since April 26 it has made only three upward outbursts, while the “red” dominates its statistics. And as a stock market source in Capital.gr comments, it is not possible to display this picture just because the estimates for problem loans have deteriorated slightly. After all, as the European Central Bank moves towards the gradual tightening of its policy, interest rate margins will improve, while enhancing profitability.

But what is most worrying is the course of economic growth and whether the negative international environment will stop it. Analysts and stakeholders are already placing 2022 growth in the 3% to 3.5% range, but the impact of the problems facing the economy, shortage of raw materials, inflation, etc., no one knows how it will affect it. Without, of course, overlooking the fact that tourism is expected to support the economy this year, as well as in 2019.

On the board

On the board now, ELHA records gains of 3.34%, with Viohalco being at + 1.20%. OTE, Terna Energy, Hellenic Petroleum, Alpha Bank, GEK Terna, Quest, Jumbo, Titan, Ethniki and Aegean are moving slightly upwards.

On the other hand, Motor Oil, Eurobank, Coca Cola, OPAP, EYDAP, PPC, IPTO, Lambda, PPA and Piraeus are in negative territory, but none of them is moving with losses of more than 1%. Mytilineos, Sarantis and Ellactor are unchanged.