ATHEX – Taking stock of Moody’s and pandemic

The upward movement in the Greek stock market is subdued at the moment, as selective sales set a limit on the market’s effort to reach 930 points.

Of course, the general index manages with the help of several titles to remain above 920 points, and more specifically at 923.34 (+ 0.60%) with the turnover being increased.

Will the six-day damage go away?

If the ATHEX manages to maintain its positive pace until the end today, it will have virtually reversed the “loss” from the six-day downtrend with only two uptrends, having one more to learn the next verdict of the rating agency Moody’s on the Greek economy . In its previous appointment, Moody’s had remained “mum”, ie in that of May, with the rating of Greece by the agency not having changed since November 2020 when it had upgraded by one grade, from B1, with positive prospects.

Now what may be troubling the market is the epidemiological picture of the country, which is not very reassuring. In fact, during the day, the prime minister’s televised message is expected in view of the holiday season, which brings significant revenues to both retail and public coffers.

The image on the board

Now in terms of securities, Alpha Bank is jumping 2.47%, with Piraeus, OTE, ELHA, GEK Terna, Eurobank, Aegean and HELEX following with also significant gains. PPC, National Bank, Mytilineos, Lambda and Viohalko are also moving upwards, while in the opposite scale are Jumbo, Coca Cola, Hellenic Petroleum, OPAP and Titan.