With a small drop of 0.16%, the stock market closed the week ending, a volatile week for the international markets and for the domestic market.

Escalating tensions in Ukraine exacerbated geopolitical risk and caused market turmoil, with the Greek Stock Market suffering, mainly due to its shallowness, while also suspending entry into several large-cap stocks, despite attractive entry levels.

According to the analysts, the course of the market does not keep up with the particularly good course of the country’s financials and the course of listed companies, which announce figures that have been recorded for more than 15 years, while at the same time reviewing their business more positively shots, giving new higher goals. The positive results announced by the listed companies for the nine months January-September 2024 have not been reflected in the share prices.

Interest today turns to the rating agency Fitch, which will announce its rating for the Greek debt (“BBB-” stable outlook).

Following the upgrade of the Treasury bond to investment grade (BBB-) during the second half of 2023 by the rating agencies DBRS Morningstar, Standard & Poor’s, Fitch Ratings, R&I and Scope, as well as the upgrade by Moody’s to the grade Ba1, followed during this year by the upgrading of the prospects of the Greek economy by the rating agencies Standard & Poor’s, Scope, DBRS Morningstar and Moody’s. This fact makes possible a new upgrade of the debt in the coming months. The only house that has not given an investment grade is Moody’s.

The General Price Index closed the week at 1,401.58 units, against 1,403.87 units the previous week, recording a weekly drop of 0.16%, while since the beginning of the month it has strengthened by 1.37% and since the beginning of the year it has recorded gains of rate of 8.39%.

The FTSE/ASE 25 large-cap index closed the week with a marginal gain of 0.03% and since the beginning of 2024 is up 8.98%.

The FTSE MID mid-cap index closed down 1.86% for the week, down 1.18% year-to-date.

The banking index closed the week down 1.03%, while since the beginning of 2024 it has gained 11.72%.

The total value of transactions in this week’s sessions was 566.994 million. euros, while the average daily transaction value was 113.399 million. euros against 138.851 million euro.

The total market capitalization this week fell by 2.455 billion. euros and amounted to 98.796 billion euros, while since the beginning of the year it has increased by 10.908 billion. euro.