Decrease in uncertainty recorded last month
![Decrease in uncertainty recorded last month](https://www.ekathimerini.com/wp-content/uploads/2023/01/gkat_23_2809_page_1_image_0002-thumb-large-13-960x600-1-960x600.jpg)
The KEPE GRIV “Fear” Index eased to 28.48% in December from 31.52% the previous month, evidence of a decrease in uncertainty for the expected short-term course of the Greek market.
The Center of Planning and Economic Research (KEPE) said in a monthly report that the “Fear” index reflects the uncertainty of derivatives market participants regarding the expected short-term course of the Greek market, and is calculated based on the FTSE/ASE Large Cap Index options prices.
The index remained below its historical average level (since January 2004) for the Greek market, which stands at 32.58%.
Moreover, the average daily value of the index decreased, reaching 29.77% in December, from 33.07% in November.