Athens Stock Exchange: Strengthens its upward reaction

The Greek stock market is currently making significant gains, but this does not hide the caution of buyers, who are more limited to movements in selected securities. The general index recorded gains of 1.24% at 1,089.73 points, with turnover at 60 million euros.

The political developments and the government’s handling of the railway tragedy have been the major theme of the market for the past few days, and it looks set to remain until the elections. After all, semiotically, it includes all the pathologies of the Greek State, which led the country to bankruptcy a few years later. And these pathogens are also an inhibiting factor of the investment grade, which the longs are waiting for.

Storm

The stock market “storm” that has hit the market these days has been a very good example of how serious the issue is, as the unprecedented 11-week rise and +30% DG in the half-year clearly came from the discount to recover the investment grade of the country. Which recovery, presupposed the -also discounted- net election result, with the rumors, and only rumors, reporting about opinion polls showing the bad picture in the percentages of the parties.

At the level of securities now, Jumbo, PPC, ELHA, Piraeus Bank, Ellaktor, National Bank, Biohalco, Eurobank, Motor Oil and Alpha Bank lead the rise, while OPAP, Coca Cola, Mytileneos, Titan, EYDAP, Sarantis, GEK Terna, Terna Energy, Quest, PPA and Lambda. Autohellas, Aegean and OTE are moving negatively.