The Stock Exchange is maintained in the zone of 950 units

of Alexandra Tombra

The Athens Stock Exchange is moving steadily upwards today, which with the help of banks, but also several index-heavy securities is flirting with the zone of 950 units for the first time since February.

In particular, the General Index records gains of 0.92% at 949.36 points, while the turnover is at 57.4 million euros and the volume at 22 million units. The FTSE 25 also rose 1.23% to 2,313.57 points, while the banking index rose 2.99% to 697.70 points.

Although the break-up of the 950 units seems to have some difficulties, no one can ignore the fact that the ATHEX continues its upward and autonomous course, now covering the ground from the fall caused by the Russian invasion of Ukraine. And a guide in this direction has several industries, showing the multifaceted upward movement, something we have had to see for many years.

In fact, as Elias Zacharakis of Fast Finance comments, the upward trend on the ATHEX has taken shape, surprising even the most optimistic. The foreign markets reacted, a fact that helps to a greater extent the Greek market that was already “set up” technically upwards.

According to him, we are actually aiming for the highs of the year with DG already recording gains of 6.5% for 2022, leaving behind foreign markets around 16% since on average they still lose 10% of their value this year. The banking sector already has a 22% yield looking in turn for the highs of the year.

At the same time, expectations have risen for tomorrow’s assessment of the Greek economy by Standard & Poor’s, following this week’s performance. A possible upgrade will bring the Greek economy even closer to the investment level that is the goal. If this happens then the market will show an even better picture than what we see today.

On the board

On the board now, Alpha Bank and Ethniki record gains of 3.78% and 3.27% respectively while over 2% is the increase in Piraeus, Eurobank and PPC and over 1% in Viohalko, PPA, PPC, Motor Oil , OPAP, EYDAP, Titan, IPTO and Quest.

Aegean, Coca Cola, ELHA, OTE, Sarantis and Lambda are moving slightly upwards, while GEK Terna, Mytlinios and Ellaktor are moving slightly downwards. Terna Energeiaki and Jumbo lost more than 1%, while Hellenic Petroleum lost 3.51%.