With losses of over -1%, the Stock Exchange continues the dip of May

There is no end to the sharp downward movement in the Athens stock market, which today lands in the zone of 880 points, widening the losses from the last week of April.

In particular, the General Index records losses of 1.35% at 876.44 points, while the turnover is at 12.2 million euros and the volume at 4 million units. The FTSE 25 also fell 1.65% to 2,114.74 points, while the banking index fell 2.02% to 598.50 points.

From the 949.68 points of Holy Thursday to … 875 today, with the visibility in front not foretelling calm. How, after all, when the clouds on the horizon of the world economy and … international order are heavy, with the markets of the West paying the price of endless climbing.

This is reflected in the rise in government bond yields, with investors turning to protection at all costs. The Greek ten-year bond was also at levels seen in the “announcements” about the coronavirus in March 2020, with certified analyst Petros Steriotis stressing that this picture reveals divergent views within the ECB’s board on what concerns the continuation of interventions or not in the secondary markets of government securities.

In Athens Avenue, as reported by Apostolos Manthos, yesterday’s closing at 888 units with a turnover of 72.7 million euros now opens the door wide for the downhill approach of the support zone of 880 to 875 units, where it was at the end last March a dynamic springboard for the upward movement of 952 points. However, if the index goes and fragment all 875 points, then it is very likely that strong downward forces will be activated that can push the General Index within the level of 850 to 840 points.

On the board

On the board now, Piraeus, Viohalko, Mytilineos, GEK Terna, Ethniki and Lambda record losses of more than 3%, while over -2% is the fall in Coca Coca, Eurobank, Quest, Alpha Bank, ELHA, EYDAP and Hellenic Petroleum.

Aegean, PPC, Jumbo, IPTO, OTE, OPAP and Terna Energy record losses of more than 1%, with Titan controlling its fall to 0.62% and PPA and Sarantis unchanged.

Ellactor and Motor Oil were suspended from trading, following a request by the Hellenic Capital Market Commission, for reasons of protection of the investing public and until information is provided to the investing public regarding the possible implementation of the transaction.