With gains of 2.68%, the market closed the trading week that ended today, due to the Easter holidays, with the market recovering to the levels of 1,100 points, covering a significant part of the decline that began in early March, from 1,133 points up to 1,020 units.

The market completed ten consecutive bullish sessions, during which the main stock market index registered a total gain of 7.75%, as investors and especially foreign portfolios take on investment risk despite the political uncertainty ahead of the elections, betting on an upgrade of the Greek economy from the S&P house on April 21.

The rise of the market is also based on the announcement of particularly positive results of the listed companies for the financial year 2022. The data now show that we are heading for a record year, as the listed companies will exceed 10 billion euros in net profits in total, while the dividends to be distributed and capital returns will approach 2.6 billion euros.

Morgan Stanley sees no impact on the balance sheets of Greek banks from the measure of keeping mortgage interest rates stable, starting from May 2023 for one year.

Morgan Stanley continues to be positive on Greek banks and does not foresee a material negative impact, as the forecasts for 2023 are based on an ECB interest rate of 2.5-2.8%, so there is no negative impact on the banks due to this of the measure.

It is recalled that the investment bank maintains the recommendation of “increase positions” for the shares of Piraeus and Eurobank, with target prices of 2.24 euros and 1.45 euros, and the recommendation of “positions commensurate with the market” for National Bank and Alpha Bank with target prices of 4.86 euros and 1.37 euros respectively.

The General Price Index closed the week at 1,102.79 points, against 1,074.00 points the previous week, marking a weekly increase of 2.68%, since the beginning of April it has strengthened by 4.57%, while since the beginning of 2023 it has recorded gains of 18, 61%.

The FTSE/ASE 25 large cap index ended the week up 2.62%, , YTD up 18.39%, while the FTSE MID CAP index closed the week up 3.29% and from beginning of 2023 increases to 15.31%.

The banking index closed the week with a gain of 3.40%, while since the beginning of the year it has gained 25.99%.

The total value of transactions in the three sessions of the week amounted to €304.085 million, while the average daily value was €101.362 million, up from €64.353 million last week.

The total market capitalization this week increased by 1.48 billion euros and reached 76.084 billion euros, while since the beginning of the year it has increased by 10.22 billion euros.