With banks and Mytilene the rise in the Stock Exchange

of Alexandra Tombra

The Athens Stock Exchange continues to rise today, which shows willingness to overcome the near resistance of 930 points, with the help of the estimates that have been cultivated for the decisions of MSCI in the forthcoming restructuring of its indices.

In particular, the General Index records gains of 0.51% at 931.16 points, while the turnover is at 85 million euros and the volume at 6.6 million units. The FTSE 25 rose 0.72% to 2,259.30 points, while the banking index rose 1.09% to 652.90 points.

The jump in turnover is clearly linked to the package of 4.5 million shares that was traded shortly after the start of trading in Mytilineos. The package was traded at 17 euros and was worth 76.5 million euros. In fact, it corresponds to 3.1% of the total shares.

The share of Mytilineos, as well as selected others, are in the spotlight due to the expectations for possible decisions of MSCI. In particular, the improved trading activity, as well as the mini rally of selected securities, has cultivated in the market expectations that MSCI reserves positive decisions for Greek stocks. Of course, the criteria on which decisions are made are not exactly met by certain titles, however expectations want them to benefit, even indirectly, from certain decisions.

However, apart from the above, the market climate is positive as the ATHEX manages to differentiate itself from the negative climate of international markets in April, thus creating a mild dynamic which is reflected in the upward movement from 880 points to 930 points today. This can be seen in the improvement of the turnover during the Holy Week, something we have had to see for over a decade.

On the board

On the board now, Alpha Bank, Ethniki, Quest and PPC record profits in excess of 1%, while Eurobank, Mytilineos, GEK Terna, Terna Energeiaki, OPAP, Titan, Motor Oil, Coca Cola, Piraeus are moving slightly upwards. , ELHA, Hellenic Petroleum, Sarantis, Aegean, OTE, Lambda and Ellactor.

On the other hand, PPA, IPTO and EYDAP are moving slightly downwards, with Lambda, Ellactor and Viohalko still looking for direction.