The Athens Stock Exchange was found on top positions in the ranking of global markets him Julyas the domestic market managed to overperform and put up significant resistances in the corrective movement of the international markets, in the second half of the month.

The mood in the international markets was positive in the first half of July with the S&P 500 index setting consecutive all-time records, mainly due to expectations of a rate cut by the Fed in September, to correct in the second half.

THE General index shut him down July with a rise of 5.26%, recording the third best performance among global indices.

It should be noted that the dividend cut, which is approaching €4 billion, the highest since 2008, has technically removed several points from the General Price Index. At the same time, the Dow Jones recorded a monthly gain of 3.84%, the UK’s FTSE-100 gained 3.04%, the German Dax-30 gained 1.90%, the S&P500 gained 0.24%, while the Nasdaq closed July with a drop of 2.38% and the French Cac-40 with a marginal drop of 0.09%.

In a recent analysis, the National Stock Exchange reported a series of data that could offset any pressures from abroad.

The stock market refers to the political stability in Greece, unlike many European countries after the recent European elections, the supportive macroeconomic environment (GDP growth >2.0%, much higher than the EU averages, the Greek economy will continue to grow stable over the next two years and to outperform the wider eurozone economy), the return of investor confidence and increased liquidity, attractive valuations, strong corporate earnings and the market’s high dividend yield, which is the highest of European markets , the significant profits of the banks and the dividend distribution after 16 years. In terms of valuation, the p/e of the Greek market is 8, lower than the 14 of the European markets and the 20 of the American markets.

At the same time, the capitalization/GDP ratio of the Greek stock market is considerably lower than other markets.

In July, the biggest increase was registered by the shares: Akritas +30.14%, Moda Bango +18.71%, Unibios +13.95% and Alumyl +13.91%.

On the contrary, the biggest fall was recorded by the titles: Ellaktor -21.37%, Attica Bank -16.00%, Progressiveti -11.54% and Klukinas-Lappas -7.45%.

From the high capitalization, on a month-to-month basis, the biggest increase was recorded by the shares: Titan +14.83%, Lamda +12.91%, OTE +11.87%, Piraeus +10.86%, OPAP +9.82% , Alpha Bank +9.17%, GEK TERNA +9.15%, Coca Cola HBC +7.68%, EYDAP +7.39%, Ethniki +5.35%, PPC +5.28%, Autohellas +4 .04%, AIA +3.16%, Mytileneos +2.88%, Viohalco +2.62%, PPA +2.57%, Eurobank +2.42%, Aegean +2.13%, Motor Oil +1 .99%, Elvalhalcor +1.61%.

On the contrary, the following shares closed down in July: Ellaktor -21.37%, Jumbo -7.34%, ELPE -5.61%, Sarantis -1.96%, Terna Energy -1.44%.

Performance at 7 months

At the level of the seven months January – July, the General Price Index registered gains of 14.31% and was in 10th place in the ranking of global indices.

But the Greek market outperforms the big European markets. Germany’s DAX-30 rose 10.49%, Britain’s FTSE-100 rose 8.21%, while France’s Cac-40 fell 0.09%.

From the high capitalization, in the seven months, the biggest gains were registered by the shares: Titan +53.38%, GEK TERNA +36.02%, Eurobank +31.68%, Sarantis +31.03%, Ethniki +28.93% , Coca Cola HBC +28.39%, Piraeus +21.87%, Terna Energy +20.94%, OTE +17.60%, Lamda Development +12.57%, PPA +11.85%, Viohalco +11 ,79%, Alpha Bank +10.66%, PPC +5.47%, OPAP +4.81%, Elvalhalcor +2.16%, ELPE +1.65% and Aegean Airlines +1.41%.

On the contrary, the titles closed the seven months with losses: Ellaktor -23.22%, Autohellas -7.20%, EYDAP -4.60%, Jumbo -1.43%, Motor Oil -1.01% and Mytileneos -0, 60%