Share prices recorded an upward momentum in today’s exchange session, when the market exceeded the level of 880 units, closing at two-month highs.
The overall price index closed at 882.77, up 0.83%. This is the highest close since the June 9, 2022 session (886.64 points). The transaction value was EUR 41.70 million, with 16,929,953 shares sold. The large-cap index rose 0.96%, while the mid-cap index rose 0.01%.
In 882.77 total index units, with a turnover of 41.70 million euros.
Of the large-cap stocks, Piraeus (+3.76%), Mytileneos (+2.92%), Coca-Cola HBC (+2.41%), Motor Oil (+2.22%) and Alpha Bank demonstrated the largest gains. (+1.93). %). On the contrary, Elvalharcor (-1.21%), Aegean Airlines (-1.12%) and Ellactor (0.85%) recorded the largest decline. Of the individual indices, industrial goods (+2.45%) and food (+2.36%), as well as health (-2.24%) and telecommunications (-0.76%) indices recorded the largest growth.
The indication that US inflation is cooling down, and in this light, the Fed may slow down the upcoming interest rate hike. Of course, several executives strongly warned that it was too early for the bank to believe it had inflation under control. The pan-European STOXX 600 ended yesterday’s session up 0.06%, while the CAC 40 closed up 0.33%, the FTSE MIB in Milan added 0.69% and the IBEX in Madrid added 0.33%, while while, by contrast, on the Atlantic side, the Dow Jones and S&P 500 rose 0.40% and 0.26%, respectively. In London, the FTSE 100 closed down -0.55% and the DAX in Frankfurt -0.05%. In the US, July producer prices unexpectedly fell due to a slowdown in energy prices. Finally, the dollar index weakened by 0.209%, while the euro rose by 0.3% to $1.0328.
Source: Kathimerini
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.