Without being affected in the slightest by the downward trend prevailing in the international markets, the Athens Stock Exchange continued from where it left last Friday and entered the new week recording profits.
At a time when a sell-off in government bonds and shares is recorded at the international level, the Greek stock market not only did not cooperate, but showed in the final stretch of today’s session “wild moods” approaching the resistance of 920 points.
With the share of PPC recording a rally (+ 7.37%) and three of the “heaviest papers” higher than + 4% (one of the best performances today ATHEX), the General Index ended today’s session with an increase of 1.24 % and closed at 917.52 points, a “breath” from the high of the day to 917.89 points (the low of the day was recorded at 904.69 points).
The turnover was lower than 70 million euros with the trading volume reaching 22.5 million units and for another meeting the shares of the banks attracted the greatest investment interest.
The High Capital Index closed with an increase of 1.54% at 2,231.13 points, overtaking the FTSE Mid Cap whose positive change amounted to 0.46%.
The banking index strengthened by 1.34% to 653 points, while the financial services sector was the only one that fell by 0.85%.
The image on the dashboard
The shares of PPA, Jumbo, Eurobank strengthened to + 4.82%, + 4.17% and + 4.03% respectively were among those that stood out in the Greek stock market in general and not only in terms of the FTSE Large Cap index.
Piraeus, Alpha Bank, Quest, Sarantis, Piraeus and Ellactor moved in the opposite direction with losses of 1.02%, 1.17%, 1.48%, 1.78% and 2.92% respectively.
The best picture today was presented by the share of Interwood with an increase of 11.21%, followed by that of Minerva (8.77%) and PPC.
Despite the concerns that prevail both from the war in Ukraine and about inflation, which is accelerating month by month, Athens Avenue is characterized by a restrained optimism.
At a time when everything has been overshadowed by the war in Ukraine and energy prices are soaring and in turn sending inflation soaring (on Friday ELSTAT announced that in March consumer prices jumped to 8.9 % a high since mid-March), a positive aura is hovering in the Greek stock market, which has restored the Greek market close to 920 points.
The corporate results take the baton of interest again this week, as they announce the performance for the whole of 2021, Motor Oil, Jumbo and Ellactor tomorrow and Wednesday.
At the international level, the meeting of the European Central Bank is scheduled for next Thursday, with the financial markets positioning themselves more and more day by day for a more immediate tightening of its monetary policy.
The financial markets expect that the increase in interest rates by the ECB will come in 2022, with most estimates converging at the end of this year.
In this context, 70 basis points are placed for raising interest rates at the end of 2022, compared to 65 basis points last Friday.
Moneyreview
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