Home Economy Stock market: Below 850 points, with a loss of 2.11%

Stock market: Below 850 points, with a loss of 2.11%

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Stock market: Below 850 points, with a loss of 2.11%

The positive atmosphere created on the stock exchange last week by the semi-annual results of the activities of Greek banks, as well as the announcement of a number of business agreements, hit the wall on Friday due to fears about political developments after the resignation. prime minister. prime minister and head of the EMP.

Thus, the overall index recorded a strong loss of 2.11%, returning to 849.23 units, while turnover increased to 55.93 million euros. The Large Cap Index fell 2.46% to 2045.45, down 1.02%, the Mid Cap Index closed at 1369.09, while the Banking Index dropped 3.46% to 536. 86 points.

Of all the blue chips, Alfa Bank (-5.73%), KPP (-5.05%), Piraeus Bank (-4.32%) and Lamda Development (-4.21%) recorded the largest losses, after which the fall was more than 3% from Coca-Cola, the National Bank, OPAP and Mytilineos. Only Ellactor, EYDAP and OTE closed in positive territory.

The crisis in US-China relations over Taiwan and the possibility of an early election in Greece are currently new uncertainties factored into last session of AX, Manos Hatzidakis of Beta Securities said. In particular, the early election scenario seems to create additional uncertainty for investors, and it is no coincidence that the recovery from this year’s lows began after the government’s categorical statements about the expiration of the four-year period. The next few days will shed light on whether this concern is justified or if it is just another overreaction to a favorite AA tactic.

European stocks ended yesterday’s session with losses, breaking a two-day gain, as higher-than-expected US employment data revived expectations of another aggressive 75 basis point rate hike by the US Federal Reserve in September. On the opposite side of the Atlantic, the indices also followed a downward trend.

The pan-European STOXX 600 closed down 0.76%, extending its previous losses. In London, the FTSE 100 closed down -0.11%, DAX down -0.65% in Frankfurt, down -0.63% in Paris CAC 40, down -0.26% in Milan FTSE MIB and down 0.08% IBEX in Madrid.

Author: newsroom

Source: Kathimerini

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