With a drop of ‘6 to 6’, the Stock Exchange lost all 860 points

The sixth consecutive falling session was recorded by the Athens Stock Exchange, which fails to differentiate itself from the extremely negative climate that prevails in almost all markets around the world, although there were some moves that showed that it is looking for a reaction.

In particular, the General Index closed with a fall of 0.87% to 859.18 points, while today it moved between 869.85 points (+ 0.36%) and 855.94 points (-1.25%). The turnover amounted to 84.34 million euros and the volume to 30.93 million units, while 1.72 million units were traded through pre-agreed transactions.

The index of high capitalization closed with a fall of 1.12%, at 2,067.58 points, while at -0.77% Mid Cap completed the transactions at 1,395.09 points. The banking index closed with losses of 0.85% at 578.35 points.

Internationally … in red

The downward streak is even greater than the “6×6”, as since April 26 the ATHEX has recorded only one uptrend and eight downtrends. The General Index once again could not withstand the … heights at 950 points, trying once again the same route that we have been accustomed to for the last 2 years. Two falling gaps from April 26 with the close closing at 888 points. The 900-912 zone has become resistance and needs to be re-established if it wants to try to rise again. The level of 860 units, with the split to test 843 units or 830 units.

In the FTSE 25, the zone of 2,190 – 2,200 units becomes a significant resistance, while the 2,070 units provide close support, where the break can bring the 2,036 units. The banking index now has a key resistance of 644 points, while the 603 points close resistance with 575 support points, which break can target 536 points.

The ATHEX, however, follows the declining course of international markets, although it tried hard to follow its own autonomous course. According to Ilias Zacharakis of Fast Finance, a little bit of fear for the world entering a recession orbit, a little bit of the statements that we will not see changes in MSCI, a little bit of fear for the continuation without war light but also the important problem of China, gave the reason to see significant pressures on the market as a whole.

The truth is that we have entered a difficult period for the world economy with Greece being in a different phase since after many difficult years of recession it has entered a growth trajectory. This fact alone is very important as the results of the companies will be able to justify higher valuations. The next 15 days will clarify what will be born in relation to the payment of gas in Russia. Prices in the markets will also depend on the result. Inflation can affect growth worldwide, however, energy and consumer goods will continue to have their place of honor, adds Mr. Zacharakis.

On the board

On the board now, Sarantis closed with losses of 6.74%, with Jumbo losing 4.77% and Biochalco 3.50%. Over 2% was the drop in PPC, Mytilineo, PPA, Quest, OPAP, GEK Terna and Eurobank and over 1% in Titan, Alpha Bank, ELHA and Lambda.

Coca Cola, Aegean and Piraeus moved slightly down, while EYDAP closed unchanged. On the other hand, Terna Energy, IPTO and OTE closed slightly higher, with Ethniki, Hellenic Petroleum and Motor Oil closing with gains of more than 1%. Ellactor won 13.88%