Bank Crescent raised the Stock Exchange

With the banks, especially Alpha Bank, being in the front line and Coca Cola following with a strong reaction, the Athens Stock Exchange managed to expand its rise today and close over 940 units.

In particular, the General Index closed with an increase of 1.54% at 940.69 points, while today it moved between 944.32 points (+ 1.93%) and 928.47 points (+0.22). The turnover amounted to 185.71 million euros and the volume to 43.99 million units, while 9.66 million units were traded through pre-agreed transactions.

The high capitalization index closed with an increase of 1.88%, at 2,285.42 points, while at + 0.39% Mid Cap completed the transactions at 1,555.88 points. The banking index closed with gains of 4.9% at 677.47 points.

Expectations

It is not only the sharply upward movements observed since yesterday on the board of Athens Avenue, but also the explosion of the turnover, which cultivates significant expectations for the scenarios that investors expect both at the front of the assessment of the Greek economy by Standard & Poor’s on Friday, as well as the restructuring of MSCI indices in the near future.

Indeed, as stock market sources comment on Capital.gr, the image of the market in a week when trades are traditionally subject to the festive mood, may hide some upgrade in the next period, if not on Friday. In fact, the ATHEX manages in April to differentiate itself from the negative climate of international markets, thus creating a mild dynamic which is reflected in the upward movement from 880 points to 940 points today.

It is reminded that tomorrow is the last meeting of the week, as Friday is a holiday due to Easter. Thus, the trading of the portfolios that expect a good assessment of the Greek economy from Standard & Poor’s on Friday will be completed tomorrow. Of course, the jump in turnover today is clearly linked to the package of 4.5 million shares that was traded shortly after the start of trading in Mytilineos. The package was traded at 17 euros and was worth 76.5 million euros. In fact, it corresponds to 3.1% of the total shares.

The share of Mytilineos, as well as selected others, are in the spotlight due to the expectations for possible decisions of MSCI. Of course, the criteria on which decisions are made are not exactly met by certain titles, however expectations want them to benefit, even indirectly, from certain decisions.

On the board

On the board now, Piraeus closed with gains of 8.21%, Alpha Bank at + 7.12%, Coca Cola at + 4.01%, while over 3% was the rise in ELHA and Eurobank. Profits in Ethniki, Aegean and Lambda were over 2% and over 1% in Mytilineo, OPAP, Biochalko, Titan, Terna Energy, Hellenic Petroleum and Motor Oil.

IPTO, PPC, EYDAP, GEK Terna and PPA closed slightly higher, while Quest, Ellactor and Sarantis closed slightly lower. OTE closed with losses of 1.06%, while Jumbo corrected strongly today, closing with losses of 4.46%.