Athens Stock Exchange: Leaping towards 1,100 units

The rise is strong at this time in the Greek stock market, which now “sees” the levels of 1,100 units with claims, with the help from almost the entire board. The general index recorded gains of 2.48% at 1,094.65 points, with the turnover at 54 million euros.

The good news for the market has not only to do with the rise in valuations but also with the significant increase in trading activity which has firmly established itself above €100m, even if it is temporarily coming from specific securities. Thus, the bullish momentum remains strong and is now eyeing the new resistance level located at the 1,100 mark.

The good news from the economy

In any case, the news is also good on the economic front, with the Commission also raising the bar for growth in 2023, where the concern was. Its estimates were slightly improved for Greece, as it now expects 2023 growth to be +1.2%, up from 1% previously, and 2.2% in 2024, up from 2% previously.

At the level of securities now, Aegean, Piraeus, Alpha Bank, Eurobank, Hellenic Petroleum, PPC, Motor Oil, ELHA, National Bank, OTE and Quest are making a strong jump, while Biohalko, Jumbo, Ellaktor, Terna Energy, Autohellas are also in positive territory , Coca Cola, Lambda, Titan and GEK Terna. Small gains are made by EYDAP, Mytileneos, OPAP, Sarantis and Piraeus Port Authority.