Athens Stock Exchange is trying to react against the strong fall yesterday and the negative streak in general, with the climate in Europe being generally improved.

In particular, the General Index is moving at 1,378 points with a gain of 0.8% and turnover at 7.9 million euros, while 2 million pieces have been traded.

The banking index is up 0.6% at 1,178 points, the FTSE is up 0.8% at 3,340 points, as is the midcap FTSEM, which is up +1.1% at 2,204 points.

The escalation of the Russo-Ukrainian war yesterday, with Kiev making the first use of long-range US ATACMS missiles to strike on Russian territory (Bryansk), dealt a disproportionate blow to Athens Avenue, with the GC falling to more than three and a half month lows (since the global sell-off of 5 August).

While in Frankfurt and Paris the decline was limited to around 0.7%, in Athens the market closed 1.85% lower, extending to five days the downward streak running with cumulative losses now of 4.5%.

Contrary to the picture, especially of the last period, the banking sector is not leading the reaction, with its securities being positive but with modest gains, with the exception of Piraeus at 3.58 euros with +1.3%.

ΝΒG at 6.88 euros with +0.2%, Eurobank at 1.98 with +0.15%, and Alpha at 1.53 euros with no material change.

At the top of the FTSE is Titan with a 3.5% jump, followed by Sarantis at +2.8% and Hellaktor at +2.6%, in the wake of its results announced with a 35% increase in net profit.  Metlen is picking up some of yesterday's losses (-4.8%) at +1.7%, while Biohalco, ELHA and Cenergy, Autohellas, Coca-Cola, Aegean, and OTE are still up more than 1%.

Indicatively, in the FTSE only GEK TERNA and EYDAP are down, with small losses below -0.5%. Similarly, the FTSEM is fully green, with Kri Kri, Intralot, Intrakat, Quest, and Lavipharm all up +2%.

The broader bullish/bearish ratio is also characteristic of the picture, with 78 stocks showing gains versus just 13 with losses.