Athens Stock Exchange: Trying to control the fall

The Greek stock market is currently trying to limit the fall, but with weak supports from selected securities, the general index cannot climb back to the zone of 890 units. The general index recorded losses of 0.55% at 886.53 points, with the turnover at 26 million euros.

Climate

Sellers are gradually gnawing away the gains of the last two months on ATHEX, as they in turn are influenced by the international wave of “risk off” that has been triggered by uncertainty about the intentions of central banks, and whether the effort to reduce the money supply will affect economies. Of course, UBS today came to confirm that the growth rate of the Greek economy will remain strong, even higher than the initial estimate.

Eyes on Wall Street

The correlation of the last several months with international markets dictates that eyes are always there, and especially on Wall Street, where things are very fluid both in the medium term, with the Federal Reserve’s shifting and aggressive monetary policy, as well as and in the very short term, with the announcements from Jackson Hole being awaited with great interest, mainly in terms of the Fed’s wording and intentions, Trader24 reports. So far, no new data has been added to the existing analysis, which wants the general index moving bullishly in the short-term, with the area of ​​917-920 units being a serious resistance, while the base support is seen at 878.

Traded shares

On the level of shares, Piraeus, Alpha Bank, Eurobank, National Bank, Viohalco and Quest are experiencing strong losses, while the decline in ADMIE, Aegean, PPC, Ellactor,Jumbo, Lambda, Titan, ELHA, PPA, Sarantis, Coca Cola, and Motor Oil is also significant. On the other hand, Terna Energy gains 1.62%, with EYDAP, GEK Terna, OTE, OTE and Mytilineo also making small gains.