Since July 6, when both the General and the banking index were at year lows, the gains amount to 15% for the former and 33% for the latter.
The General Index has now covered the losses recorded since the beginning of this year, presenting an opposite picture in relation to the major international indices whose losses since the beginning of the year exceed 10%.
In the middle of last week, the General Index on the Athens Stock Exchange erased the losses recorded since the beginning of the year. Meanwhile, the Nasdaq technology index, since the beginning of 2022, is down 17.11% (based on last Thursday’s close), the DAX-30 is down 13.77%, the S&P-500 is down 10, 12%, the Cac-40 is down 8.33% and the Dow Jones is down 6.44%.
However, the main stock market index falls short of the highs of 971.09 points (11/2/2022) by 7.56% (based on Thursday’s close), while from the lows of 779.20 points (6/7/ 2022) rises to 15.20%.
The driver of the recovery from the lows was the banking shares, with the banking index gaining 32.96%.
The share of Piraeus recorded the biggest increase at 38.90%, followed by Eurobank with an increase of 35.43%, Alpha Bank with gains of 34.57%, while the share of National Bank increased by 26.17%.
Banks are back in the limelight with their six-month results. The overall picture was highly positive with estimates now being revised upwards for the full year while significant progress in portfolio consolidation was accompanied by strengthening profitability in the recurring revenue segment.
As the results of the first half of 2022 show, the four systemic banks show a single-digit ratio of non-performing exposures, a target that was set to be achieved by the end of 2022.
From the rest of the high capitalization shares, from the lows of July 6, the shares of PPC (+20.00%), Lamda Development (+19.62%), Titan (+17.16%) recorded a strong recovery , Elvalhalcor (+16.85%), Viohalco (+16.06%), Aegean Airlines (+15.53%), Jumbo (+14.49%), EYDAP (+13.71%) and Coca Cola HBC (+13.52%).
The shares of GEK TERNA (+10.79%), ADMIE (+10.02%), ELPE (+9.68%), Terna Energy (+8.76%), PPA (+7.67%), OTE (+7.41%), Sarantis (+5.92%), Quest Participations (+5.71%), Ellactor (+5.11%) and Motor Oil (+2.34%).
Returns since the beginning of the year
Since the beginning of the year, the biggest increase is recorded by the shares: Yalco +140.00%, Mathios Pyrimaha +63.31%, European Credit +55.38%, Trastor +39.66% and Ellaktor +39.34%.
Since the beginning of the year, the biggest declines have been recorded by the stocks: Varvaresos -61.21%, Lavipharm -58.05%, Epilectos -48.00%, Kekrops -42.05%, Plastic Thrace -40.78%.
In high capitalization, since the beginning of the year the shares have seen an increase: Ellaktor +39.34%, Terna Energy +32.55%, Motor Oil +27.49%, Jumbo +21.03%, National +17.91% , Eurobank +11.06%, Aegean Airlines +10.72%, OPAP +10.34%, Mytileneos +6.74%, OTE +5.20%, ELPE +3.86%, GEK TERNA +3.68 % and EYDAP +1.92%.
On the contrary, the titles note: PPC -36.17%, Quest Participations -28.92%, Sarantis -23.60%, ADMIE -20.00%, Elvalhalcor -19.78%, Coca Cola HBC -18.97%, , Viohalco -16.56%, Piraeus -13.95%, Lamda Development -9.05%, PPA -7.90%, Alpha Bank -7.89%, Titan -6.13%
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
