The Athens Stock Exchange moved up for the ninth session in a row, although it was unable to maintain the 1100 points reached during the session, while the second day of turnover continues to be a record high.

On his “side” A.A. had a positive climate that prevailed in European markets, but also Greek bonds, which continue to perform well with a 10-year yield at 4.2% and at the same level as the Italian 10-year, pending the S&P valuation next Friday.

Société Générale did not rule out the possibility of a surprise from the company on April 21 and the assignment of an investment rating to Greece. For this reason, he decided to buy Greek bonds and if the increase does not come, he will close the deal. However, according to the French bank, and according to the most … down-to-earth estimates, the most likely period for Greece to rise to investment grade is the fourth quarter of 2023 or the first quarter of 2024. Société emphasizes that it is unlikely that the Greek elections you are watching will lead to the reversal of structural reforms, but the uncertainty surrounding them may prevent rating agencies from acting too quickly. Thus, the upcoming ratings by S&P in April and Fitch in June are likely to lead to an upgrade of the outlook for Greece to positive, rather than an upgrade, as he estimates.

Greek bonds perform well, with a 10-year yield of 4.2%.

Returning to A.A. and in session statistics, the General Index closed up 0.29% to 1,095.91 points, with a turnover of 102.57 million euros. The Large Cap Index closed up 0.25% to 2650.26 points, the Mid Cap Index closed up 0.46% to 1611.45 points, while the Banking Index gained 0.72% to 799.82 points. .

Of all the blue chips, Autohellas stood out with a jump of 5.08%, followed by Jumbo with +4.07%, with Titan, GEK TERNA and Viohalco gaining at 2% and Piraeus Bank over 1%. and ELVALHALKOR. Motor Oil fell 3.28%, Sarantis closed down -2.19%, while Quest and HELLENiQ ENERGY lost more than 1%.

In the next period, it is logical that the market moves in a small range, waiting for developments on the political front, says Ilias Zacharakis, managing director of Fast Finance. “The only chance we see anything else is on April 21st if we get investment grade as Goldman Sachs suggests. With the presence of an investment layer, any political concerns will go away, at least in the short term, ”he characteristically notes.