The stock market rebounded in the week ending after last week’s sharp decline.

The announcement of the mega deal between the sale of Terna Energy was to some extent overshadowed by the imposition of an extraordinary levy of 33% on the profits of ELPE and Motor Oil, but also the denial of expectations that the MSCI house would put the AXA on a watch list with the aim of upgrading it in developed markets.

A better picture of European markets helped the recovery of the domestic market as well, with investor concerns about political developments in France after the announcement of snap elections appearing to subside. Many analysts are now saying that the sell-off in French stocks seen last week was overblown, as political uncertainty in the country is not necessarily going to affect the economic outlook that much.

The General Price Index closed the week at 1,424.04 points, compared to 1,406.91 points the previous week, marking a weekly increase of 1.22%, while since the beginning of the year it has recorded gains of 10.12%.

The FTSE/ASE 25 large-cap index closed the week up 1.23% and since the beginning of 2024 is up 10.58%. The FTSE MID mid-cap index closed up 0.90% for the week, and is up 0.97% year-to-date.

The banking index closed the week with a marginal increase of 0.05%, while since the beginning of 2024 it has recorded gains of 16.94%.

The total value of trading in this week’s sessions was 699,640 million euros, while the average daily trading value was 139,928 million euros, compared to 100,240 million euros last week.

The total market capitalization this week increased by 1.107 billion euros and reached 99.051 billion euros, while since the beginning of the year it has increased by 11.163 billion euros.