The stock market continues its upward reaction

The Athens Stock Exchange is moving mildly upwards and with quite a bit of nervousness today, which is trying to maintain the upward reaction from the levels of 780 units and to break the resistance it is in.

In particular, the General Index registers gains of 0.62% at 808.20 units, while the turnover is at 2.2 million euros and the volume at 0.9 million pieces. The FTSE 25 also recorded gains of 0.69%, at 1,936.03 points, while the banking index rose 0.46% at 469.28 points.

The market has managed in the last two days to show a mild reaction, albeit with several problems, the biggest of which is the low turnover. And this remains so today, with traders being extremely careful about where they place themselves and what risk they add to their portfolios, given that the degree of uncertainty is so high.

However, what dominates investor circles very strongly in recent days, although it will be the talk of the town almost throughout 2022, is the energy costs that businesses and consumers are required to pay. And the situation may have been looking negative up until now in any case, but the latest developments with the maintenance shutdown of Nord Stream has clouded the landscape for the rest of the year as well.

Also, even if Greece manages to manage the dreaded energy crisis, due to the mix of its production, the situation in Europe cannot leave the policy of the European Central Bank unaffected. And all this while the euro is at its lowest levels in the last 20 years, constantly pouring water into the mill of inflation. So in such an environment it is difficult for the ECB to keep its monetary policy loose, something Greece needs.

On the dashboard

On the board now, PPC is recording gains of 2.16%, with Piraeus, Coca Cola and OPAP following with an increase of more than 1%. Aegean, GEK Terna, PPA, Mytileneos, OTE, Eurobank, Alpha Bank, Ethniki, Terna Energy, Quest, Motor Oil, Jumbo and Biohalco are moving slightly upwards.

On the other hand, Lambda, Ellactor, Sarantis, ELHA, EYDAP, ADMIE and Titan are moving in negative territory, but none of them are moving with losses of more than 0.5%. Hellenic Petroleum is unchanged.