Home Economy Stock market: seven consecutive weeks of gains

Stock market: seven consecutive weeks of gains

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Stock market: seven consecutive weeks of gains

With small movements, the Stock Exchange maintains the upward momentum, moving around the 1030 area and literally trying to keep profits, but also “digest” these four-digit levels that the General Index has seen. at least eight years.

On the positive side, the market is holding up despite emerging intra-session pressures, even maintaining high turnover.

However, domestic analysts recommend being cautious in the short term, after a bull run, in case of any strengthening of positions, be selective, since a correction is not ruled out, as well as strong volatility as we approach the elections.

In the statistics of yesterday’s session, the General Index closed with an increase of 0.37% to 1033.44 points, and the turnover amounted to 118.14 million euros.

Over the past five sessions, the General Index has gained 1.77%.

The Large Cap Index closed up 0.4% to 2514.26, up 0.86% and the Mid Cap Index closed at 1573.07, while the Banking Index fell 0.88% to 793.88. item.

Out of all the blue chips, Ellactor’s rally stood out at 6.34%, followed by OPAP at +4.03% and Aegean at +3.82%, while Biohalco, Motor Oil, Jumbo closed up over 1% , Autohellas, TERNA Energy and Sarantis. The National Bank and SEC TERNA closed with losses of more than 2%.

Over the week, the general index strengthened by 1.77%, and the banking index by 5.79%.

Thus, the general index recorded seven weeks of growth in a row. According to Manos Hatsidakis of Beta Securities, the rise above the 1,000-unit milestone is likely to remain as, in addition to data showing improved profitability of listed companies, pre-deals show that there are also queues of transactions that, in addition to the disclosure of share prices, also free up funds for reinvestment.

Author: Eleftheria Curtalis

Source: Kathimerini

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