Up 0.66%the stock market closed the week ending, closing in positive territory for the second week in a row.

The listed companies continued this week to announce positive financial results for the 9 months January-September, while the positive reports of the foreign houses continued for the Greek banks.

S&P Global Ratings notes that the financial results confirm that banks are reaping the benefits of their strong balance sheet transformation over the past four years and are returning to paying dividends for the first time since 2009.

American investors also give a “vote of confidence” to Greek banks. Meetings with US investors were organized by JP Morgan on the subject of Eastern and Central European banks and Greek banks were clearly the focus of these discussions, with a large percentage of managers already invested in their shares, while those who had not yet invested they seemed eager to gain positions.

Among the remarkable things of the week is the behavior of the National Bank share, after the placement, which, while it is moving considerably higher than the offer price of 5.30 euros, its variation was limited and the offer was comfortably absorbed and at least the first signs show that the funds that have entered have a medium-to-long-term horizon, a different quality from other similar cases in the past.

The market now turns its attention to the Fitch verdict next Friday, December 1.

It is very important to receive the investment grade from a number of houses: the Japanese house R&I, the two Chinese houses, the Canadian DBRS, the German house Scope (which by decision of the ECB is now included in the rating houses it recognizes), and of course the Standard & Poors which is also recognized by the ECB. Citi notes that there is a strong possibility that Fitch will also give Greece investment grade. This means that four of the now five houses recognized by the ECB – as Scope Ratings was added a few days ago to this group – will rate Greece with investment grade as early as 2023.

The General Price Index closed the week at 1,258.73 points, compared to 1,250.44 points the previous week, recording a weekly increase of 0.66%, since the beginning of November, it has increased by 5.50%, while since the beginning of 2023 it has recorded profits 35.38%.

The FTSE/ASE 25 large-cap index ended the week up 0.69%, while it has gained 36.33% since the beginning of the year.

The FTSE MID index closed the week with a rise of 1.33%, while since the beginning of 2023 it has strengthened to a percentage of 48.40%.

The banking index closed the week up 0.20% and since the beginning of the year it has gained 65.78%.

The total value of transactions in this week’s sessions was €804.153 million, while the average daily value of transactions was €160.831 million from €362.976 million the previous week.

The total market capitalization this week increased by 808 million euros and reached 85.799 billion euros, while since the beginning of the year it has increased by 19.937 billion euros.