The positive data that emerged at the end of the previous week failed to change the downward trend in the European stock markets, including the Greek one.
The corrective trends that prevailed in the European markets since Monday morning were sustained by the negative start of the American markets, resulting in a general retreat in Europe and America, while the fall of the Asian markets was also preceded.
Shortly after the opening of the American markets, in the USA the Dow Jones stabilized, the S&P 500 declined marginally (-0.05%), the Nasdaq (-0.21%). In the European markets, the German DAX fell (-0.86%), the French CAC (-1.27%), the Italian MIB (-0.86%)
Greek stock market: Followed the European markets in the fall
Unable to react to the imported downward trends, and having discounted the upgrade from Moody’s, the Greek stock market succumbed to the moods of the sellers who came mainly from abroad.
The General Index started mildly upward, above 1,260 points but after half of the session it turned negative in line with the movements of the foreign markets. At the end of the bearish session, G. D was formed at 1251.66 units with a retreat (-0.55%). The transaction value reached 106 million euros. Of the traded shares, 34 closed up and 65 closed down.
The high capitalization index (FTSE Large Cap) declined (-0.36%), the medium capitalization index (FTSE Mid Cap) by (-1.09%) with Alumyl’s share recording a decline close to the limit down.
In the individual sectoral indices, the largest increase was in the telecommunications (1.28%), Travel-Leisure (0.64%), Industries (0.11%) and the largest decline in the Food sectors (-2.92 %), Trade (-2.46%), Personal-Household Products (-2.08%), Raw Materials (-1.64%). The sectoral index only fell by (-0.14%) and was not rewarded by the developments with Moody’s but rather burdened by the estimates that the coming years will be quite difficult.
The shares with the highest trading value were Mytileneos, Piraeus Bank, Alpha Bank, PPC and OPAP.
It is obvious that despite the positive news (apart from Moody’s on Friday, today we also had an increase in the primary surplus), the Greek stock market cannot make an autonomous rise and is being led by the foreign investors who are sellers at this time.
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