With a turnover of 35 million euros, the fall in the Stock Exchange

Aroma… Today’s session at the Athens Stock Exchange took place on the 15th of August, which closed with small losses and with the turnover barely exceeding 30 million euros, reminding of the days of the summer rush. Caution was the star, as throughout the week, with movements cautious.

In particular, the General Index closed with a fall of 0.22% at 794.62 points, while today it moved between 801.37 points (+0.62%) and 793.54 points (-0.36%). The turnover amounted to 34.88 million euros and the volume to 14.19 million pieces, while 162.53 thousand pieces were traded through pre-agreed transactions.

The high-cap index closed down 0.48%, at 1,896.11 points, while the Mid Cap closed at +0.15% at 1,302.92 points. The banking index closed down 0.78% at 449.16 points.

For the week, the General Index closed down 0.94%, while the FTSE 25 fell 1.30%. The banking index closed down 7.24%.

Commands are being searched

Almost 15 million euros “managed” to be traded today on the ASE, which, in addition to the caution that exists due to international uncertainties, failed to activate orders and manifest any movement that shows the intentions of the portfolios. In fact, as a stock market source specifically reported to Capital.gr, the market seemed to be functioning smoothly today, with the “ribbon” of orders remaining untouched for quite some time at intervals.

After all, the coming week is crucial for many investors and the one that will judge the shape of the market movement, due to the meeting of the European Central Bank. In fact, Citigroup emphasized that the increased risk of recession in the eurozone due to the worsening of the energy crisis, combined with the new political crisis in Italy, is expected to lead to a much more aggressive tightening of monetary policy in the short term.

And as the certified analyst Petros Steriotis points out, the inflationary “jumps” in Western economies confirm that shares as an asset class are not a strong anti-inflationary “shield”, while the lack of “visibility” with the many accumulated negative catalysts “punishes” the investment rush. Meanwhile, the weakening of the euro to its lowest level in the 21st century is driving up production costs and reducing profit margins for European importers. Inside the ECB, the decline of the euro and the risk of a new “fragmentation” of the European bond markets do not bode well for investor confidence in our country, according to Mr. Steriotis.

On the dashboard

On the board now, Aegean, OPAP, Alpha Bank, Mytileneos and Titan closed with losses that exceeded 1%, while PPC, Eurobank, Ethniki, ADMIE, OTE, EYDAP, Terna Energy and Coca Cola closed slightly lower. GEK Terna and Ellactor closed unchanged.

On the contrary, Lambda, Sarantis and ELHA recorded gains that exceeded 2% but were not able to reverse the negative sign of the market. Piraeus closed at +1.42%, while Biochalco, Quest, Motor Oil, Jumbo, Hellenic Petroleum and PPA closed slightly higher.