The Athens Stock Exchange registered a slight rally in the last session of the week as investors waited on the S&P’s assessment of the Greek economy late on Friday.

The general index managed to stay above 1100 points with significant support from banking stocks, which made it possible to “bet” on the restoration of the highs of the year recorded in early March (1133 points).

In particular, the General Index closed with an increase of 0.43% to 1111.33 points, and the turnover amounted to 83.51 million euros. The Large Cap Index closed up 0.61% to 2695.1 points, the Mid Cap Index closed up +0.19% to 1624.77 points, while the Banking Index recorded a 1.13% gain to hit 838. 49 units.

The value of transactions in the Friday session amounted to 83.51 million euros.

Of all the blue chips, Ellaktor stood out with a profit of 3.19%, followed by Alpha Bank, Eurobank, GEK TERNA, Jumbo, Mytilineos and Autohellas with profits of over 1%. HELLENiQ ENERGY closed down 2.37%, while Motor Oil posted losses of more than 1%. Over the week, the general index strengthened by 0.77%, and the banking index by 3.90%.

If we were not in the pre-election period, the market would have every reason to break free and conquer new higher price levels, since after last year’s impressive results of listed companies, domestic macroeconomic news in early 2023 can be described as anything, but not indifferently , says Manos Hatsidakis of Beta Securities.

Last year’s GDP performance was combined with a marginal primary surplus, with the debt-to-GDP ratio down 23 percentage points. If last year’s figures are not encouraging, the first-quarter primary surplus, the decline in the unemployment rate to a twelve-year low, keeping inflation low and the growth in tourist arrivals and receipts compared to 2019 are very positive results. a mark for the course of the economy, as he adds.