ATHEX – Falling below 900 points

The climate in the Greek stock market is deteriorating rapidly, as the fear of new measures to contain the pandemic has returned, after the negative records recorded on the front of the pipelines and deaths.

Thus, the general index is moving with losses of 1.46% to 898.25 points, with the turnover already exceeding 12 million euros.

The fear of new measures

The big fear of the market is now the possibility of taking new measures to reduce the pandemic, which will clearly affect the economy. And if this negative scenario is confirmed, it will also confirm the unfavorable growth for 2021, also worsening the fiscal result by 0.5% of GDP compared to the 2022 Budget scenario.

Uncertainties on the health and energy front have therefore not only not been eliminated – in financial terms – compared to a few weeks ago, but have intensified and are now becoming the mainstay of the economy.

The image on the dashboard

At the level of securities now, the pressures on Ethniki, Biochalko, Eurobank and Terna Energeiaki are great, with losses exceeding 2%, while over 1% is the drop in Alpha Bank, Mytilineos, Jumbo, Coca Cola, PPC, OPAP and Piraeus. In the FTSE 25, only OTE is moving in positive territory, with only a 0.07% increase.