‘Recruitment’ for the 900 units on the Stock Exchange

X is currently climbing the final straight for the 900-point testAthens Stock Exchange, which, although with a small turnover, manages to show a more significant upward reaction, recovering 890 points, for the first time since November 26th.

In particular, the General Index records gains of 1.63% at 892.69 points, while the turnover is at 22.6 million euros and the volume at 11.6 million units. The FTSE 25 also recorded an increase of 1.70%, to 2,146.65 points, while the banking index gained 2.45% to 577.63 points.

The dip of November 26, when the general index was found from 898 to 858 points, still “haunts” the ATHEX, which, even with difficulties, has managed to cover important ground. Of course, the low turnover shows again the caution of many portfolios, which should not be forgotten that they will close their 12-month strategies and plan next year in the coming weeks.

Another element that is highlighted today by the analyst of Beta Securities, Dim. Trigas, is that the recent correction of the markets had already started on November 18, before the data about Omicron came to light, as the cases and the intubated due to COVID-19 and Delta mutation were rising. Then came the rise of cases, which worried some European countries, considering the restrictions on movement and the lockdown. Thus, the new Omicron mutation appeared (on the night of November 25) when the markets were already in the process of being corrected. Therefore, the corrections on the occasion of Covid 19 are no longer expected to be so strong as the vaccines provide some basic protection so that the health system does not come to its limits.

Foreigners continue to support

However, foreign analysts have not stopped “voting” for Greece, not only for 2021, but most importantly … for next year. Today, Goldman Sachs estimates that Greek stocks are expected to record an increase of 8% in 2022 compared to current levels, which are comparatively lower than the majority, while it sees the General Index move to 950 points in 2022, compared to 1,000 units that he predicted a while ago.

In terms of profitability, the American bank estimates that earnings per share of Greek shares will increase by 8% compared to 17% forecast by the market (consensus), while the dividend yield will be 3% and in quite good levels compared to other markets. Finally, the p / e index estimates that it will remain at current levels of 10x, which means that it does not see much re-rating.

On the board

On the board now, Piraeus and Ethniki record gains of 3.69% and 3.12% respectively, with ELHA, Alpha Bank, PPC, Viohalko, Coca Cola, Jumbo and Hellenic Petroleum following with an increase of more than 2%.

The increase in HELEX, IPTO, Titan, Ellactor, Mytilineos, GEK Terna, Eurobank and Motor Oil is over 1%, while PPA, Terna Energy, EYDAP, OTE, OPAP, Aegean and Sarantis are moving slightly upwards. Lambda is unchanged.