The Athens Stock Exchange moved steadily in positive territory, starting the new week in the best possible way. The overall index once again confirmed its bullish mood, despite the already existing nine-week record growth streak, thus rising above 1100 points.

Despite the holiday in the US market, investor interest in AX remained buoyant as turnover remained strong, with the Greek market again outperforming and holding out against the backdrop of sluggish and particularly cautious European markets.

Fears of a stronger tightening of monetary policy at the international level, and especially on the part of the Fed, on the eve of the publication of the minutes of its last meeting, cause investors to be nervous, which, however, yesterday did not “rest” on A.Kh. With the support of almost all major companies, and especially banks, the overall index closed at the high of the day.

The overall index closed up 1.86% to 1123.23 points, with a turnover of 121.04 million euros. An increase of 2.27% was recorded by the large cap index at 2734.42 units, at 1655.38 units with an increase of 1.35%, the midcap index closed, while the banking index showed an increase of 5.34 % at the level of 911.32 units.

Investor interest in A.A. remained afloat, turnover reached 121.04 million euros.

Of all the blue chips, Alfa Bank (+5.91%), National Bank (+5.7%) and Eurobank (+5.09%) posted the biggest gains, while Piraeus closed with a profit of 4. 2%. They were followed by Autohellas and HELLENiQ ENERGY with more than 2% growth. Only Sarantis (+1.47%) and ELVALHALCOR (-0.64%) closed with losses.

It is worth noting that significant changes occurred in the FTSE/Russell Global Equity Index Series during the six-month restructuring on Friday evening. Specifically, TITAN was added to the FTSE All World Index as well as the Mid Cap Index. “Elastron” and MIG were added to the Micro Cap with a space, while “Ictinos” was removed.

“If someone had told us on September 30 that the overall index would record a 39% gain over 4.5 months … we would have laughed,” said Ilias Zacharakis of Fast Finance. But the market has surprised even the most optimistic, as it has achieved such outstanding results in a very short period of time. This time, the banking sector became the champion in terms of profitability, demonstrating an impressive growth of more than 70%.

Most importantly, the market is not exaggerating as it constantly picks up strength with intra-session corrections, which is essentially a bull market, adds Mr. Zacharakis. Funds see investment grade coming to Greece and buy before it becomes “news”. “Every indication is that we have an exciting year ahead of us,” concludes Mr. Zacharakis.