Lavipharm

Hello! Today we wrap up for the first round of Christmas holidays with warm wishes to all our readers—for health, happiness, and peace of mind. May there be less “toxic material” around us. As I close with these wishes, I can’t help but comment on something that doesn’t annoy me but… amazes me.

Global stock markets are under a wave of liquidations, with the geopolitical landscape clouded by the nuclear threat arising from the escalation of tensions in the Russia-Ukraine war.

Returning to positive territory for the Greek stock market, after yesterday’s “brake” on the 5-day rise that preceded it. Traders are “weighing” the Q3 and 9-month financial performance of systemic banks, as well as subsequent management statements on upgraded annual guidance, increased dividends and faster deferred tax (DTC) amortization.

The Greek stock market is in “repression”, as evidenced by the stagnation picture it has shown this week. Traders settled for selective moves and stayed away from the high rhythms of the international markets. Athens did not “seize” the opportunity yesterday, when the major markets moved to record levels, and was left today to tune in to their corrective tendencies.

The Greek stock market experienced a new downturn following a similar movement at the end of the previous week. The initial rise to around 1,440 points was followed by a shift in investor sentiment, with Athens failing to align with the positive mood of European markets. However, the losses did not cause concern as the support level at 1,430 points remained intact.

The General Index of the Athens Stock Exchange opened with small losses, which is a breath away from the 1,400-point target, while Motor Oil’s shares are in the spotlight today, following MSCI’s surprise decision to leave it out of the MSCI Standard Greece index.

Sellers regained the reins of the domestic market, as part of consolidating some of the gains from the two-day upward reaction on August 6-7, following the -6.27% “Black Monday” (August 5).

On Monday (5/8), the General Index plunged by -7.37%, trading at 1,325.49 points, fluctuating between a low of 1,325.03 and a high of 1,428.01 points.

The current scenario reflects one of the most significant daily declines in recent years, comparable to February 24, 2022 (-6.42%) and March 23, 2020 (-7.58%). If the index falls below 1,300 points, it risks wiping out 2024’s gains.

Greek pharmaceutical industries are starting the mass production of antiseptic solution to cover the increasing needs of the country's national healthcare system fighting the new coronavirus.