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Support from the banks, withstand the international black out | TheGreekDeal.com
Athens Stock Exchange
Support from the banks, withstand the international black out
The Athens stock exchange is moving with losses today, but the stock exchange is "watching" the problems of information systems worldwide, as a large part of the global economy has been affected.
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The Athens stock exchange is moving with losses today, but the stock exchange is "watching" the problems of information systems worldwide, as a large part of the global economy has been affected.

In particular, the General Index is down 0.16% at 1,455.41 points, while turnover is at 34.9 million euros and volume is at 8.5 million units. The FTSE 25 is also down 0.08% at 3,551.17 points, while the banking index is up 0.11% at 1,310.20 points.

The Greek stock market may not have been directly affected by the international information systems blackout (there was no similar accounting upgrade in Greece; it will take place in the coming days), but trading does not show that it is not monitoring the implications of the problems in the operation of businesses. Indeed, Aegean's announcement that some of its operations have been affected was indicative of this, but without hindering the smooth running of its operations.

In fact, this global turmoil came on a day when we also had derivatives expiry, without changing the balance on the board, with the general index adding very few trades. Nor did it therefore miss the 1,450 level, which, despite the pressure on selected stocks, it is easily holding for now.

But volatility is evident. Low trading is not conducive to big moves, with the signs constantly changing, and most securities, even in the large-cap sector, have not moved more than 100 thousand pieces. The picture was similar in the pre-arranged trades, with few pieces entering after 12:30, increasing total turnover by just 1.3 million.

On the board now, Cenergy is down 1.13%, with OTE, Coca-Cola, Viohalco, Labda, Jumbo, Ethniki, Terna Energy, OPAP, PPC, EVDAP, and GEK Terna moving mildly lower.

Titan, EXAE, Autohellas, and Hellenic Petroleum are unchanged, while Sarantis, Eurobank, Aegean, Motor Oil, Alpha Bank, Piraeus, Mytilineos, AIA and Ellaktor are mildly up.

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