With a rise of 2.58%, the stock market closed the week ending, with the turnover recording a vertical decline, indicative of the caution of investors. The value traded at 2024 lows in the last two sessions of the week. The majority of investors kept a wait-and-see attitude, avoiding taking investment risk, in view of the second round of the French elections.

The rating agency Standard & Poor’s gives a strong vote of confidence in Greece, proceeding to upgrade the Greek banks. As S&P notes, the active clean-up of the Greek banking system’s balance sheets is coming to an end, as Greek banks achieve a full post-crisis recovery and begin to benefit from the positive economic momentum in Greece.

At the same time, a Moody’s executive opened a “window” for upgrading the Greek economy to investment grade in the September assessment. Moody’s is the only rating agency that has not given investment grade to Greece.

The General Price Index closed the week at 1,440.52 points, compared to 1,404.26 points the previous week, marking a weekly increase of 2.58%, while since the beginning of the year it has recorded gains of 11.40%.

The FTSE/ASE 25 large-cap index closed the week up 3.39% and since the beginning of 2024 is up 12.62%. The FTSE MID mid-cap index closed up 1.32% for the week, and is up 5.46% year-to-date.

The banking index closed the week with a rise of 5.26%, while since the beginning of 2024 it has gained 20.32%.

The total value of trades in this week’s sessions was 405.548 million euros, while the average daily trade value fell by 56% compared to last week and stood at 81.109 million euros. against 187.363 million euros.

The total market capitalization this week increased by 2.368 billion euros and reached 100.102 billion euros, while since the beginning of the year it has increased by 12.21 billion euros.