The Stock Exchange maintains its profits

The Athens Stock Exchange is moving steadily upwards, but without exaggeration, which with the help of the indicators of the dashboard expands the reaction that started on January 25, covering the largest area of ​​the correction that preceded.

In particular, the General Index records gains of 0.84% ​​at 944.68 points, while the turnover is at 36.4 million euros and the volume at 18.6 million units. The FTSE 25 also recorded an increase of 1.05%, to 2,298.09 points, while the banking index gained 1.63% to 689.01 points.

The immediate reaction of the market as soon as it reached the level of 911 points on January 25, was the important message on the one hand for the activation of the buyers and on the other hand for the restoration of the liquidity that was ensured in the correction again on the board. The recovery exceeds 30 points, while the banking is now in contact with 700 points, overcoming critical peaks that had been stopped in the previous period.

Besides, JP Morgan also spoke about the opportunities presented by the Greek banking industry at the CEEMEA Opportunities Conference, emphasizing that everything is in their “position” so that the industry can be led to much better days. According to JP Morgan, Greek banks have sent an optimistic message for 2022, when it estimates that their shares have significant further growth margins and thus places them in its top choices for the current year.

At the same time, as mentioned by Dim. Trigger of Beta Securities, based on the price index to book value, the discount where Greece trades is impressive, as it approaches 50% in relation to the emerging and 70% in relation to the global index. The truth is that the value for money index (P / BV) has many weaknesses, but it is still a measure of comparison that helps more in comparing banks.

At the same time, the dividend yield index appears higher in the Greek market compared to the emerging ones, as it stands at 2.48%, compared to 2.38% in the emerging index and 1.74% in the global index. In short, the Greek market seems to excel in places where there is calm in the markets.

On the board

On the board now, Alpha Bank is moving with gains of 3.12%, with Aegean being at + 2.37% and GEK Terna, OPAP, Motor Oil, PPC, Viohalko, Ethniki, Hellenic Petroleum and Titan following with an increase more than 1%.

Piraeus, Eurobank, Coca Cola, Mytilineos, Terna Energy, OTE, ELHA, Jumbo, IPTO and EYDAP are moving slightly upwards, with PPA and Ellactor not changing. On the other hand, Sarantis and Lambda recorded small losses, with Quest being at -3.40%, as it trades without the right to distribute a temporary dividend of 1.25 euros per share (1.1875 euros net).