ATHEX – Sellers pick up the reins

Intense volatility, fragile signs and waiting for GDP data in the second quarter of the year are the three characteristics of trading today in the Greek stock market, which although trying to absorb the pressures that are manifested again in most of its board, does not may change the negative sign of the general index.

The General Index of course remains in the zone of 910-915 points and today, after yesterday’s weak stop in its downward series, as it is currently with losses of 0.27%, with its individual indices being mostly in negative territory .

At the same time, trading activity remains low, with the market waiting for the “x-ray” of growth in the second quarter of the year. After all, a double-digit growth rate is more or less expected, given the comparison with the corresponding second quarter of 2020, however the range of change will give a taste of the course of the economy in the year, and therefore a larger fiscal space for the next government “basket” of relief.

However, in addition to GDP, the banking sector continues to absorb capital from a market that is already suffering from new investors. Today Eurobank issues a high preferred bond of senior preferred amounting to 500 million euros, with ot.gr estimates stating that the bank can achieve costs even below 2%.

At the level of securities, what concerns is -1.33% of Hellenic Petroleum, with the title showing intense activity in recent days but also large fluctuations.

However, the rest of the high capitalization securities are moving with limited changes, with only Eurobank, Alpha Bank and Piraeus Bank having a higher volume, ie in triple digits.