Even today, the Athens Stock Exchange failed to recover, which completed its fourth bearish session, now losing the psychological limit of 890 points, as the pressures from the epidemiological picture of the country and the range of new restrictive measures remain.
In particular, the General Index closed with losses of 0.60% at 889.58 points, while today it moved between 888.05 points (-0.77%) and 897.08 points (+ 0.24%). The turnover amounted to 51.4 million euros and the volume to 20.9 million units, while 0.7 million units were traded through pre-agreed transactions.
The index of high capitalization closed with a fall of 0.54%, at 2,133.09 points, while at -2.26% Mid Cap completed the transactions at 1,535.79 points. The banking index closed with losses of 1.41% at 579.47 points.
The ATHEX has already found a “wall” twice in two weeks at the level of 920 points, while the range of new measures against the coronavirus, according to the model of European countries that have already started a new cycle of measures for the pandemic, led to outbreak of risk reduction moves. In fact, although there were some buying forces at the beginning of the meeting, caution quickly took over the reins of the meeting.
Thus, since the beginning of the second ten days of November, the ATHEX has managed to record only two uptrends, while only in the last days, ie since November 19, it has been found from 923 points below 890 points today. And just four meetings before the end of the month when foreigners close their 12-month strategies, the assessments are not only positive …
How could they, at a time when high intubation and deaths are being recorded in the community from the coronavirus and the scenario of stricter measures is already on the table. However, according to his information Capital.gr, at yesterday’s meeting held at the Maximos Palace on the course of the pandemic virus in the community, data were presented, which leave room for optimism that the fourth wave has reached its maximum level and its stabilization is possible from now on.
What can change
However, what domestic analysts point out is that the bet that foreign capital will remain on Athens Avenue is not being won at the moment, given the growing uncertainty about the course of the pandemic and whether the new restraining measures that remain on the table can to halt the economic recovery. However, the phenomenon does not only concern the Greek economy but is also observed in other European countries which have returned to measures of partial restriction of traffic.
What can change in the market is to de-escalate the pandemic and the government not to take additional measures, which will affect the course of the economy in the fourth quarter. After all, the market does not forget that after the third quarter, the fourth is one of the most important in the Greek economy, given the festive season.
On the dashboard
On the board now, Titan, Eurobank, PPA, Hellenic Petroleum, Ellactor, EYDAP, ELHA and Aegean received the biggest pressures, closing with losses of more than 1%, while Ethniki, OPAP, Mytilineos, IPTO, PPC, PEI closed slightly lower. Lambda, GEK Terna, Terna Energy, Alpha Bank and Motor Oil.
On the other hand, Sarantis won 1.31%, with Jumbo, Coca Cola, Viohalco and OTE following with a small increase. HELEX closed unchanged.
.
With a falling 4×4, the Stock Exchange lost all 890 points
Even today, the Athens Stock Exchange failed to recover, which completed its fourth bearish session, now losing the psychological limit of 890 points, as the pressures from the epidemiological picture of the country and the range of new restrictive measures remain.
In particular, the General Index closed with losses of 0.60% at 889.58 points, while today it moved between 888.05 points (-0.77%) and 897.08 points (+ 0.24%). The turnover amounted to 51.4 million euros and the volume to 20.9 million units, while 0.7 million units were traded through pre-agreed transactions.
The index of high capitalization closed with a fall of 0.54%, at 2,133.09 points, while at -2.26% Mid Cap completed the transactions at 1,535.79 points. The banking index closed with losses of 1.41% at 579.47 points.
The ATHEX has already found a “wall” twice in two weeks at the level of 920 points, while the range of new measures against the coronavirus, according to the model of European countries that have already started a new cycle of measures for the pandemic, led to outbreak of risk reduction moves. In fact, although there were some buying forces at the beginning of the meeting, caution quickly took over the reins of the meeting.
Thus, since the beginning of the second ten days of November, the ATHEX has managed to record only two uptrends, while only in the last days, ie since November 19, it has been found from 923 points below 890 points today. And just four meetings before the end of the month when foreigners close their 12-month strategies, the assessments are not only positive …
How could they, at a time when high intubation and deaths are being recorded in the community from the coronavirus and the scenario of stricter measures is already on the table. However, according to his information Capital.gr, at yesterday’s meeting held at the Maximos Palace on the course of the pandemic virus in the community, data were presented, which leave room for optimism that the fourth wave has reached its maximum level and its stabilization is possible from now on.
What can change
However, what domestic analysts point out is that the bet that foreign capital will remain on Athens Avenue is not being won at the moment, given the growing uncertainty about the course of the pandemic and whether the new restraining measures that remain on the table can to halt the economic recovery. However, the phenomenon does not only concern the Greek economy but is also observed in other European countries which have returned to measures of partial restriction of traffic.
What can change in the market is to de-escalate the pandemic and the government not to take additional measures, which will affect the course of the economy in the fourth quarter. After all, the market does not forget that after the third quarter, the fourth is one of the most important in the Greek economy, given the festive season.
On the dashboard
On the board now, Titan, Eurobank, PPA, Hellenic Petroleum, Ellactor, EYDAP, ELHA and Aegean received the biggest pressures, closing with losses of more than 1%, while Ethniki, OPAP, Mytilineos, IPTO, PPC, PEI closed slightly lower. Lambda, GEK Terna, Terna Energy, Alpha Bank and Motor Oil.
On the other hand, Sarantis won 1.31%, with Jumbo, Coca Cola, Viohalco and OTE following with a small increase. HELEX closed unchanged.
.
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.
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