With a jump of 1.5%, the Stock Exchange recovered to 890 points

The Athens Stock Exchange jumped to 890 points today, having left a short time until it fully recovers the “damage” of Omicron, which on November 26 brought the strong sell off in Athens Avenue.

In particular, the General Index closed with gains of 1.54% at 891.89 points, while today it moved between 885.88 points (+ 0.86%) and 893.22 points (+ 1.69%). The turnover amounted to 53.9 million euros and the volume to 24.6 million units, while 1.1 million units were traded through pre-agreed transactions.

The high capitalization index closed with an increase of 1.67%, at 2,145.99 points, while at + 0.43% Mid Cap completed the transactions at 1,482.93 points. The banking index closed with gains of 2.44% at 577.55 points.

The 4.45% dip on November 26, when the General Index was found from 898 to 858 points, was one of the main wounds that the longs who want to close the 12-month period to heal on Athens Avenue were called. And today they closed the gap leaving a gap of only 6 points until it manages to leave behind the Omicron parallax, which also upset international markets.

However, as reported by the analyst of Beta Securities, Dim. Trigas, 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 reports that it estimates that Greek stocks are expected to increase by 8% in 2022 compared to current levels, which are comparatively lower than the majority, while it sees the General Index moving to 950 points in 2022. compared to the 1,000 units he had just predicted.

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, PPC closed with a jump of 3.28%, with Piraeus, Ethniki, Alpha Bank, Coca Cola, Eurobank, Aegean, ELHA and HELEX following with profits that exceeded 2%.

The increase in Mytilineo, Jumbo, Lambda, IPTO, Viohalko, EYDAP and Hellenic Petroleum was over 1%, while OPAP, PPA, Terna Energy, Motor Oil, Titan, OTE and Ellaktor closed slightly higher. On the other hand, GEK Terna lost 0.10% and Sarantis 0.47%.