On Tuesday, and… successful was the attempt by the Athens Stock Exchange to “write out” 1,000 units at the close after more than eight years, thus marking the end of a complex cycle that began at the end of December 2014. Grexit, referendum, capital controls, bank closures have made the market completely obsolete: the overall index fell from 1035 points on December 8, 2014 to 440 points at the 2015 low. The outbreak of the pandemic was another big blow. to a market that was approaching four-digit levels again in early 2020 after a strong 2019, with a subsequent sell-off that sent the General Index back below 500 points in the spring of that year.

A.A. it has now acquired the characteristics of a bull market, according to domestic analysts, with increased investment interest, increased turnover, and new protagonists appearing on the board every day. Of course, corrections are possible, but also healthy. In any case, the meeting on Thursday, which is now “inscribed” in the history of A.A. whatever happens next, it showed from the very beginning that he would have such a development of events. The positive climate in the European markets, the start of the fourth quarter announcement period that Mytileneos did, and indeed the impressive investment interest that was shared among several parts of the board and especially in banks, showed that AA he would “write” “1” ahead. As for the continuation, a possible wait-and-see attitude is considered normal, but also nervousness after new eight-year highs.

A.A. now it has acquired the characteristics of a bull market with increased investment interest.

In more detail, the General Index closed up 1.02% to 1004 points, with a turnover of 77.7 million euros. The Large Cap Index rose 1.23% to 2427.67 points, the Mid Cap Index closed up +1.05% to 1540.63 points, while the Banking Index recorded a 2.24% gain to 744.65 item.

Of all the blue chips, Lamda Development stood out with +5.33%, followed by Ellactor with a gain of 3.81%, National Bank with 3.75% and Aegean with 3.45%, and more than 2% Alpha Bank and PPC grew. . Shares of Sarantis (-1.96%), Titan (-1.53%), TERNA Energy (-0.58%) and Motor Oil (-0.54%) closed with losses.

1000 units, according to Petros Steriotis, top manager of CIF, is a new point of balance and a “scarecrow” through which the Greek market is called upon to climb. “This level revives – we find in our contacts – interest in the stock market for Greek private investors, but this is likely to lead to higher volatility in local prices,” he emphasizes. He adds that at the industry level, banks are returning to normal through NPL management, spending cuts and dividend distribution expectations. Like compressed “springs”, their shares demonstrate extremely high performance due to numerically low prices, a discount compared to the European sector and a long-standing “habit” of investors to depreciate them.