2024-08-03 15:52:41
Her worst session in 16 months suffered today (2/8) the Athens Stock Exchangewhich was delivered almost unscathed to global sell offoverturning her traditional rastoni of August and bringing them back to the fore supports of 1,400 units.
The source of the… evil was located on the other side of the Atlantic, where the Wall Street is faced with intense liquidationsas the disappointing data for the labor market the scenarios about the possibility have “flared up”. recession in the larger economy of the planet.
This resulted in Dow Jonesafter yesterday’s plunge of 500 units, to open today with losses of 400 unitswhile the wave of sales reached Europe, where the STOXX 600 fell below 500 points for the first time since late April.
All this did not leave Athens Avenue unaffected, which failed to manage the incoming pressures, resulting in end at a one-month lowendangering them 1,430 units and “writing” weekly losses of 2.65%.
More specifically, during today’s meeting, Mr General Index noted strong down 2.95% and formed near the lows of the day 1,430.90 unitslosing 43.5 points from Thursday’s close (1,474.44 points).
The arc of diurnal variations was set at 25 points (from 1,430.30 to 1,455.94 points), with the transaction turnover to range at 123 million eurosof which 3.8 million euros related to pre-agreed packages.
On the board, now, all four systemic banks were in the “red”, with Piraeus to fall almost to -5%. From then on, the shares of OTE – Metlen – Motor Oil – PPC – Jumbo fell as much as 4%. Indicative of the climate is the fact that all blue chips closed in negative territory.
Stock market: The 2+1 stocks that escape the market slump
4% plunge in banks
The banking index came under pressure, as a result it slumped to -4.00% and 1,254 units, posting the steepest daily losses since September. And this against the strong economic figures of the first semester.
Her stock Piraeus its share “plunged” to -4.85% and 3,829 euros Alpha Bank folded to -3.78% and 1.627 euros, its share Eurobank traded at -3.72% and 2.047 euros, while its share National decreased to -3.81% and 7.68 euros.
The picture on the dashboard
In the high-cap index (-3.16% and 3,488 points), the share of Motor Oil retreated by 4.2% and fell to 22.5 euros, while the shares of OTE, EYDAP, Ellactor, ELVALHALCOR, Viohalco, Jumbo. On their part, Autohellas and Cenergy closed at -4.7% and -4.8%, respectively, with their shares Coca-Cola, Lamda, Metlen, Titan, Aegean, GEK TERNA, PPC and AIA to reach at least -2%.
Regarding the mid-cap index (-2.47% and 2,244 points), the stock of HE HAS shrank to -3% and 4.6 euros, despite the inclusion of A.A. on watch list by S&P DJI. The shares of Profile, Optima and Cree Cree lost from 3% to 5%, while the shares of Technical Olympiakis, Intralot, Intracom, ADMIE, AVAX, Quest, Ideal and Fourlis followed at least at -2%. On the other hand, Mr PPA strengthened by 0.4% and approached 26 euros.
Overall on the stock market, 12 stocks advanced, 93 stocks declined, while 18 stocks remained unchanged. THE capitalization of the market ranged at 99.3 billion euros.
The biggest turnover
- Piraeus -4.85% 25.8 million euros
- National -3.81% 16.6 million euros
- Alpha -3.78% 12.6 million euros
- OPAP -1.57% 7.4 million euros
- Eurobank -3.72% 7.3 million euros
The highest rise
- KEPENOU +9.14% 526 euros
- Orilina +7.05% 73,655 euros
- Mermeren +3.56% 1,863 euros
- Premia +1.54% 131,971 euros
- Interwood +1.53% 63 euros
The sharpest fall
- Moda -9.19% 5,808 euros
- Akritas -7.89% 874 euros
- Bitros -7.28% 3,640 euros
- ILYDA -6.50% 13,711 euros
- Elite -6.25% 1,752 euros
Bitros: Scylla and Charybdis, the +30% rally and the pending… comeback
Dip because of… America
The Athens Stock Exchange received a strong beating in the last session of the week, which failed to manage the increasing import pressuresamidst the widespread anxiety prevailing in most foreign marketsand especially on Wall Street.
The tense climate in the Middle East, the disappointing figures for the US labor marketwhich have brought them back fears of an impending recessionas well as the unsatisfactory fundamentals of the tech giants have undoubtedly “corrupted” the psychology of investors.
And this, despite the fact that Bank of England proceeded to cut interest rates by 0.25% -for the first time after four years-, while the Federal Reserve is preparing to do the same next September. However, several analysts believe that these moves are coming very… late.
Inside this unstable and nervous environmentthe Athens Stock Exchange failed to regain its footing and find footing, despite extreme positive banking results of the first semester.
Today, in fact, its financial figures were also published Alpha Bank (net profits of 437 million euros in the first half), which came to confirm the upward trajectory of the domestic financial sector.
On the Board of the Stock Exchange: The fatigue of Ethniki, the 33 of Titan and the recovery of Dimand
It is clear that the imported pressures they “mine” the subsequent course of the General Indexwhich remains locked in a narrow range of fluctuations, which has “ceiling” the 1,480 units.
After the loss of 1,438 units, the following supports of the main stock market index meet at 1,400 unitswhile the first ones resistances they are placed at 1,487 points, which is the last hurdle before the year highs of 1,502 points.
Sell off in Europe, Wall
Abroad, now, o August has entered with the… left for international markets, with the absence of risk appetite being the main feature of the days, due to multiple challenges – the most important of which seems to be the reappearance of the risk future recession in the US.
The new data on the july jobs, which were published in the early afternoon, caused further disappointment to investors (+114,000 new positions against 179,000 in June and an estimate of 185.00), with the index unemployment at the same time, to increase to 4.3%.
Somehow, the pan-European STOXX 600 slips at least 1.9% and folds back to 502 points, with losses to Frankfurt and Milan to be more than -1.5%. The picture is similar on Wall Street, where Mr Dow Jones, after yesterday’s plunge of 500 units, it starts with losses of around 400 units.
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(The above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)