The Athens Stock Exchange recorded an 11th week of growth, even a slight one, equaling the historical record reached 18 years ago. Despite slight losses on Friday and a correction on Thursday, the overall index ended the week at 1114 points, marking a 22% cumulative gain since the December 16 close, when the band began, while the November 2004–January 2005 advance brought a profit of 13%. .

Wild swings, reduced trading activity and pressure on individual stocks with a high index were the hallmarks of the final session of the week, where, however, the technical upward momentum of the General Index was not broken. In the near future, domestic analysts expect an increase in volatility due to the ECB meeting and political events on the eve of the elections.

Yesterday, the general index closed down 0.37%, to 1114.68 points, and the turnover amounted to 95.9 million euros. The Large Cap Index closed down 0.26% to 2727.95 at -0.72% and the Mid Cap Index closed at 1601.71 while the Banking Index gained 0.25%. , to 917.94 points.

On Friday, the overall index fell 0.37% to 1114.68 points.

Of the total blue chips, Jumbo stands out with +3.79%, followed by the National Bank with a rise of 1.17%. On the other hand, PPC recorded a 3.17% drop, followed by Motor Oil with a 2.16% loss, while Lamda Development, TERNA Energy, OTE, OPAP, EYDAP and Piraeus Bank lost over 1%.

Over the week, the general index strengthened by 0.12%, and the banking index by 1.8%.

Despite the uptrend, political risk has returned to the domestic market image, outweighing other positive data from the economic front, comments Beta Securities’ Manos Hatzidakis. The analyst notes that the tragic events of the train derailment in Tempe have affected the market dynamics, as a comprehensive review of the data that determines political correlations is ahead of the upcoming elections.