Thursday’s session on the Athens Stock Exchange was sluggish, with the overall index moving in a very tight range and turnover very low amid selective investor movements.

However, this “behavior” of the market is “justified” by the fact that we are in the pre-holiday period before Easter, when A.Kh.A. will be closed today and Monday, like most overseas markets, and next Friday and Monday. As noted by Beta Securities, the market is expected to show signs of fatigue after the seven-day rally and that some quick profits will be made due to the holidays.

On the positive side, despite being hesitant to return to recent highs of 1,133 before the international banking turmoil, the overall index nonetheless holds support levels while continuing to record some of the highest returns in the world since started in the year (+ 15.4%).

The overall index closed up 0.40% to 1074 points, with a turnover of 46.36 million euros. The Large Cap Index closed up 0.36% to 2597.68, the Mid Cap Index closed up 1.33% to 1575.56 and the Banking Index fell 0.55% to 780.52.

The value of transactions amounted to 46.36 million – today and Monday the AH bank will be closed.

Of all the blue chips, PPC recorded the biggest gains, closing up +2.52%, while Biohalco, Mytilineos and OTE followed with gains of over 1%. On the other hand, Quest shed 2.72%, while Eurobank and EYDAP recorded losses of more than 1%.

The overall index maintained a support center at 1,000 points, “exploiting” the low turnover due to Easter to achieve limited swings, said Petros Steriotis, chief executive of the CIF. The pre-election conundrum is a sword hanging over the valuation of Athensky Prospekt, with the hope that it will not ultimately prevent international rating agencies from boosting the country’s rating, which has been largely integrated into the valuation of Greek stocks. as he adds.

In the midst of global investment insecurity for the strength of the international banking giants, it turns out that banking centrality in the stock markets is not just a Greek phenomenon. This is the backbone of the economy and it is logical to shift investment interest to everything related to their healthy (or not so) functioning. Central banks are holding bazookas ready to provide liquidity to the system if needed.

Support for Afinsky Prospekt, according to Mr. Steriotis, is the presence of the pan-European index of blue chips Eurostoxx-50 on a “step” before its historical highs, which practically proves the optimism and dominance of “bulls” in the Eurozone.