With divided signs the Stock Exchange

of Alexandra Tombra

The Athens stock market is moving with mild fluctuations today, in an attempt to react after yesterday’s correction, but without missing the nervousness fueled by the negative international environment.

In particular, the General Index registers gains of 0.11% at 797.29 units, while the turnover is at 1.3 million euros and the volume at 0.6 million pieces. The FTSE 25 also recorded gains of 0.01%, at 1,905.49 points, while the banking index increased by 0.05% at 452.90 points.

Close to but below 800 units remains the ASE which is still in the grip of international uncertainty and the negative international climate. 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 raising 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.

The analyst also reminds that Athens Avenue, between economic and political entanglements, is called upon to protect its next diagrammatic supports at the close of the week. The diagrammatic picture of the banking sector is noticeably negative, with some speculating the possibility of a new dilution of shares, with all that this entails for valuations.

On the dashboard

On the board now, Quest, PPC, Lambda and Piraeus are recording gains that exceed 1%, while Biohalco, Motor Oil, Titan, Ethniki, Coca Cola, OTE, ELHA, ADMIE and PPA are moving slightly upwards.

On the other hand, Jumbo lost 1.24%, with Terna Energy, Aegean, OPAP, Hellenic Petroleum, EYDAP, Mytileneos, Sarantis, Ellactor, Alpha Bank and Eurobank following with mild losses. GEK Terna remains unchanged.