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.
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.
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
Biden, Kamala and Trump attend event to mark 23rd anniversary of 9/11 attacks
US President Joe Biden, Vice President and White House candidate Kamala Harris and former President Donald Trump met on Wednesday
“Black rain” is recorded in RS; phenomenon is due to fires in the country
The state of Rio Grande do Sul was hit by ‘black rain’ last Tuesday (10). Images of the phenomenon were
USD/CAD breaks above 1.36 – Scotiabank
The Canadian dollar (CAD) is moderately firmer on the session as the USD retreats below 1.36 towards the high 1.35s,
Gold rises back to record highs on Fed outlook and USD weakness
Gold is trading near its all-time high of $2,531 amid expectations of a Fed rate cut and a weak US
Crude oil bears post more than 8% loss in September
Crude oil is trading near a yearly low after failing to rebound significantly on Monday. Markets are struggling to digest
Germany: The border situation continues to be worrying
The Federal Minister of the Interior, Nancy Fesser, speaks of a “continuing alarming situation” at the German border and an
Get the latest
Stay Informed: Get the Latest Updates and Insights
Most popular
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
Biden, Kamala and Trump attend event to mark 23rd anniversary of 9/11 attacks
“Black rain” is recorded in RS; phenomenon is due to fires in the country
USD/CAD breaks above 1.36 – Scotiabank
Gold rises back to record highs on Fed outlook and USD weakness