Continuation of the upward reaction in the Stock Exchange with the banks at the helm

Signs of diplomatic progress in Ukraine strengthen the risk-taking mood internationally and the Athens market continues from where it left off on Friday, expanding its upward reaction with banks leading the way.

In particular, the General Index moves to 842.84 points with an increase of 1.8%, the FTSE 25 notes an increase of 2.04% and is at 2,031 points, while the banking index follows an even better course, making a new jump of 4% moving to 584 units.

Markets internationally welcome with renewed optimism the signs of diplomatic progress that have emerged in recent days between Russia and Ukraine, while the new round of talks between the two sides is underway from 10:30 today.

Among other things, Ukrainian President Zelensky said today that he had instructed negotiators to “do everything” to close a meeting between him and his Russian counterpart Putin, something that Kremlin spokesman Dmitry Peshkov did not rule out yesterday.

Otherwise, the week is loaded with financial events, as it includes the new “verdict” of Moody’s and DBRS for the Greek debt on Friday, while earlier financial results are announced by Alpha Bank, Piraeus Bank and National Bank, and on Wednesday the long-awaited meeting of the Fed, at which it is expected to raise interest rates.

The image on the dashboard

Banking shares are the barometer for another session, with the EIB at + 5.3%, Alfa at + 4.47%, Eurobank at + 4% and Piraeus at + 3.5%, with a total of almost of high capitalization in positive territory, except Jumbo and IPTO.

MIG strengthens by 3.3%, Lambda by 3%, Viohalco is at + 2.7%, PPC at + 2.5% and GEK TERNA at + 2.3%, while IPTO and Jumbo as mentioned above they record small losses of 0.22% and 0.44%.

M. Chachladakis