Christmas 3×3 rise for the Stock Exchange

The Athens Stock Exchange leaves the zone of 890 points during the Christmas week, which with a clearly low turnover managed to close its third consecutive uptrend, but this time having the majority of its titles in positive territory.

In particular, the general index closed with gains of 0.76% at 890.73 points, while today it moved between 883.44 points (-0.07%) and 890.88 points (+ 0.77%). The turnover amounted to 37.3 million euros and the volume to 14.1 million units, while 1.3 million units were traded through pre-agreed transactions.

The high capitalization index closed with an increase of 0.86%, at 2,141.95 points, while at + 0.32% Mid Cap completed the transactions at 1,496.63 points. The banking index closed with gains of 0.93% at 573.73 points.

At the weekly level, the general index closed with gains of 0.36%, while the FTSE 25 strengthened by 0.62%. The rise in the banking index reached 1.59%.

Although trading activity was expected to be even lower, the ATHEX managed to move over 13 million units, ie the market average in the second ten days of the month. Of course, the big moves related to the year ahead are already closed, and any trend conclusions one draws will have an increased degree of uncertainty. So the ones we saw today, but also in next week’s meetings will be the “queues” of these moves, always with the new year on the horizon.

Thus, the pattern of December so far seems to be characterized by violent falls due to developments on the pandemic front, which are followed by slow and selective recovery. So instead of experiencing a santa rally, satisfying after eight months of accumulation, the ATHEX expanded this series for another month, even limiting the range between 857 and 904 points.

International influences are positive

The improvement in the current climate, however, coincided with the government’s announcements about measures to contain the pandemic. The measures proved to be slightly milder, leaving the market ground to take a slightly higher risk. After all, as the first data show so far, patients with Omicron are at lower risk of hospitalization. And this has created a supportive environment in both international markets and the ATHEX.

At the same time, the Greek economy continues with very strong steps, as HSBC states in its report today, where it is proceeding with a new upgrade of its assessment of growth this year, placing it at 8.8% from 7.5% which had “risen” in October, while at 4.5% (from 5% before) it sees growth in 2022 and at 4% in 2023.

On the board

On the board today, the interest was monopolized by the entry of new shares from the capital increase of Attica bank. The share closed at the limit down and at 0.2290 euros with losses of 29.86%, while high on the 4.3 million units was the backlog of sales.

On the other hand, Lambda recorded a jump of 3.53%, with EYDAP and Quest following with + 2.6% each. The increase in Alpha Bank, Terna Energy, OPAP and Ethniki was over 1%.

Viohalko, Sarantis, Jumbo, Eurobank, Mytilineos, ELHA, GEK Terna, Coca Cola, Motor Oil, PPC, Hellenic Petroleum, OTE, Piraeus and Titan closed slightly higher. IPTO closed unchanged, while on the other hand, PPA lost 0.57% and Ellactor and Aegean lost 1.08% and 1.11% respectively.