The attempt of the Greek stock market to return above 930 points lasted only for a few hours, as it is now struggling to even keep the 920 point level, under the weight of concerns about the effects of the Russian-Ukrainian war on the Greek economy.

In particular, the general index is at 923.82 points, recording losses of 0.14%, with a turnover of 30 million euros.

Data

After two years of the pandemic, the Greek economy now has to deal with the secondary effects of the Russian-Ukrainian conflict, with the first and largest being inflation, which now gnaws a significant portion of disposable income.

According to the latest Eurostat data, the consumer price index climbed to 9.4% compared to -1.1% in the corresponding month of 2021. And in such a context, the Ministry of Finance sees lower growth this year, at the level of 3, 1.

With the negative scenarios now seeming to be confirmed, the market will gradually begin to value them on the board, or at best it will not be able to finally make the big leap to the 1,000 points that most analysts estimated. In fact, if the conflict between Russia and Ukraine extends to other countries, then risk-taking corrective actions will be the only way.

Shares

In terms of securities, Ellactor and EYDAP stand out with profits of more than 2%, while Quest, PPC, OTE, Alpha Bank, Titan, Coca Cola, Eurobank, National Bank, Mytilineos and Sarantis are moving positively. On the other hand, the pressures focus on PPA and Jumbo, while ELHA, Hellenic Petroleum, Motor Oil, GEK Terna, OPAP, Viohalko, IPTO and Lambda are moving negatively.

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