Stock prices closed with losses in today’s session of the Stock Exchangedespite an initial strong rise on the back of a return to investment grade after 13 years.

The market had discounted the recovery to investment grade, having recorded a strong rally since last October, and this discount, combined with uncertainty about the economic consequences of natural disasters, created “second thoughts” among investors.

However, after the upgrade by DBRS, Eurobank Equities estimates that the AXA will also benefit from the other upgrades that are coming (Fitch, S&P, Moody’s), in an environment in which the valuations of Greek shares remain very attractive. In fact, he estimates that the rise of the AXA has not been exhausted, especially due to the reduction in the cost of capital, since a 1% reduction in the cost of capital would translate into a 13% increase in the prices of these shares.

Banking stocks were at the center of liquidations, while Goldman Sachs characterizes the upgrade to investment grade status as particularly positive for domestic banks.

The General Price Index closed at 1,250.59 points, down 0.71%.

Intra-sessionally it recorded a higher price at 1,282.65 points (+1.84%) and a lower price at 1,247.02 points (-0.99%).

The value of transactions amounted to 139.61 million euros, of which 57.13 million related to transactions in packages, while 23,585,193 shares were traded.

The large-cap index fell 0.88%, while the mid-cap index fell 0.70%.

Of the high capitalization shares, the biggest increase was recorded by the shares of Sarantis (+1.51%), Coca Cola HBC (+1.27%), OPAP (+1.23%), Jumbo (+1 .16%) and Viohalco (+1.09%).

On the contrary, the biggest fall was recorded by the shares of Piraeus (-4.45%), National Bank (-3.16%), Elvalhalcor (-2.87%) and Alpha Bank (-2.61%).

Of the individual indices, the greatest increase was recorded by the Trade (+1.40%) and Food (+1.25%) indices, while the biggest losses were recorded by the Banking (-2.78%) and Industrial indices Products (-1.58%).

The largest volume of transactions was presented by Alpha Bank and Eurobank, trading 7,167,882 and 4,129,781 shares, respectively.

The highest transaction value was recorded by Jumbo with 61.05 million euros and Alpha Bank with 10.38 million euros.

40 stocks moved up, 64 fell and 11 remained stable.

The biggest increase was recorded by the shares: Fieratex +8.80% and Ektor +4.80%.

The biggest drop was recorded by the shares: Vioter -9.59% and Tria ‘Alfa (k) -9.09%.

The stocks in the large cap index closed as follows:

TITAN: 17.8000 -0.22%

ALPHA BANK: 1.3605 -2.61%

AEGEAN AIRLINES: 12.5000 -0.95%

VIOHALCO: 6.5200 +1.09%

GEK TERNA: 12.6000 +0.80%

PPC: 9.5000 -1.30%

COCA COLA HBC:26.2700 +1.27%

ELLAKTOR: 2.1650 -1.14%

ELPE: 7.5100 -1.96%

ELVALHALCOR: 1.9960 -2.87%

NATIONAL: 5.7520 -3.16%

EYDAP: 6.4100 -0.16%

EUROBANK: 1.4700 -1.61%

STOCK QUEST: 6.0600 -2.26%

LAMDA DEVELOPMENT: 6.1700 -1.88%

MOTOR OIL: 23.3600 -0.26%

JUMBO: 28.0200 +1.16%

MYTILINEOS: 34.5400 -1.76%

PPA: 21.9000 -1.13%

OPAP: 16.5100 +1.23%

OTE: 13.6500 +0.44%

AUTOHELLAS:13.8000 -0.29%

PIRAEUS: 2.9620 -4.45%

SARANTIS: 8,000 +1.52%

TERNA ENERGY: 16.1500 -0.92%