Athens Stock Exchange: Buyers maintain brisk pace

The Greek stock market is currently climbing to the fringes of 1,090 units, with buyers having returned with renewed moods from the Easter break.

The general index recorded gains of 1.41% at 1,089.10 points, with the turnover exceeding 51 million euros.

Against expectations of mild fluctuations and low turnover, the ASE looks to be able to make the difference between the Easter holidays and even test the last resistances before retrieving the 1,100 zone. And apparently the buyers active today are showing no concern whatsoever about the election result, given that for the next quarter the main market catalyst will be that.

The analysts

But what several domestic analysts point out is that the market appears to be taking seriously the view expressed openly in a recent Goldman Sachs investment grade analysis. Although the pre-election chances of Greece getting the investment grade are small, the evidence that can support an argument for a positive review exists (GDP increase, debt reduction, primary surplus, bank balance sheets, etc.).

The picture on the board

At the level of securities now, GEK Terna stands out with +6.15%, with Aegean, Mytileneos, Terna Energy, Biohalco, Motor Oil, Piraeus, Autohellas, OTE, Jumbo, Eurobank, Ellaktor, National Bank and Alpha Bank, are moving strongly upwards. Lambda, Coca Cola, Sarantis, OPAP, Hellenic Petroleum and PPA are also in positive territory, while PPC and EYDAP are in negative territory.