Athens Stock Exchange: Buyers wake up

Buyers on the Greek stock market have been showing strong interest in several titles in the last hour, with banking shares having signaled the rise. The general index recorded gains of 0.75% at 1,130.07 points, with the turnover at 35 million euros.

The elections

With investor interest revolving around Sunday’s elections, there is no shortage of analysts who see the Greek economy’s course unchanged, whatever government is formed the next day (or after the second round on July 2). In fact, Reuters has gathered several of these analysts who confirm this assessment, which was also prevailing in Athens as we approach the May 21 polls.

Of course, the market cannot yet overcome and break out of the accumulation of the last few days as long as the possibility of the second election round remains high. Greece’s prolonged pre-election period could delay disbursements under the Recovery Fund, weighing on overall growth. Elections inevitably bring some degree of uncertainty around fiscal policy, but everyone’s basic assessment is that national politics will remain broadly stable after the parliamentary elections.

On the board

At the level of securities, Eurobank stands out with the almost +5% it registers, while the gains in National Bank, OTE, Aegean, Hellenic Petroleum, Piraeus, Sarantis, Quest and OPAP are significant. Alpha Bank, PPC, PPA, Titan, Mytileneos and Terna Energy are in positive territory, while Coca Cola, Jumbo, Motor Oil, Biohalco, ELHA, Autohellas, EYDAP, GEK Terna and Ellactor are in negative territory.