The banks lead the Stock Exchange to 950 points

of Alexandra Tombra

The Athens Stock Exchange is moving a breath away from the 950 points today, which with slow but steady steps continues its own recovery towards the highs of the year, maintaining the positive scenario.

In particular, the General Index records gains of 1.03% at 950.34 points, while the turnover is at 17.7 million euros and the volume at 7.7 million units. The FTSE 25 also increased by 0.96%, to 2,307.40 points, while the banking index strengthened by 2.40% to 693.70 points.

It may have been delayed, in relation to international markets, to find its way up again after the shock of Russia’s war with Ukraine, but the ATHEX is in the process of completely undoing the negative scenario, despite the many challenges that have emerged from developments worldwide. The long-term buying interest in levels that are no longer reminiscent of the war period in Eastern Europe confirms that the composition of the portfolios that remain on Athens Avenue is slightly better than we were used to in previous years, when in the first twist the positions collapsed.

These resiliences and this image of the market, ie the positive differentiation in a difficult international environment, is the talk of the town of Athens Avenue since the beginning of the year. After all, one only has to look at the performance of the Greek general index since the beginning of the year, in contrast to the negative image of most western indices, to consider that buyers did not move in a narrow time horizon.

The protagonists in this picture are not only the banks, which in the past assumed the greatest weight either of rising or maintaining the levels against the pressures. The protagonists have long been construction, energy, information technology and other sectors of the real economy, thus giving the message that the market recovery is now based on the expectations that Greece is leaving behind the long period of crisis.

Of course this message will be tested as long as challenges at home and abroad remain, such as inflation, energy dependence and declining support for the economy.

On the board

On the board now, the banking sector continues its strong course today, with Piraeus, Ethniki and Alpha Bank gaining more than 2%, while Eurobank, Sarantis and IPTO gain more than 1%. Quest, Lambda, ELHA, EYDAP, Coca Cola, OPAP, Terna Energy and OTE are moving slightly upwards.

On the other hand, Hellenic Petroleum fell by 2.60% due to the dividend of 0.30 euros per share, with Ellactor losing 1.24%. GEK Terna, Aegean, Titan and PPA are slightly down, while Mytilineos, Jumbo and Biochalko are unchanged.