The Athens Stock Exchange surged on bank stocks and selected blue chips. Thus, the domestic market followed in the footsteps of European stock markets: investors focused, in addition to corporate results for the first quarter, on macroeconomic data releases and central bank meetings, and today the ECB announced its own decision on interest rates, and a hike of 25 basis points. .

Trades in the AHA, however, remain at subdued levels, making intra-session fluctuations “easy”. The positive for the Greek market is that in the current period of intense international uncertainty, buyers are present and are helping the General Index to maintain support and “acquired”. Moreover, A.A. remains at the leading position in the world in terms of profitability, having recorded growth of 17.9% since the beginning of the year.

In the statistics of the meeting, the General Index closed with an increase of 0.78% at the level of 1095.96 points, and the turnover amounted to 72.9 million euros. The Large Cap Index rose 1.04% to 2656.07 points, the Mid-Cap Index closed down 0.24% to 1615.78 points, while the banking index rose 2.66% to 813.58 points.

Investors remain “low-key” in their moves ahead of the election.

Piraeus Bank with 4.71% growth, Eurobank with 3.97% growth, Alfa Bank with +2.33% and Coca-Cola with +2.11% stand out among the blue chips, while growth of more than 1% was recorded in Viochalco, Jumbo. and TERNA Energy. On the other hand, losses of 3.52% were recorded by EYDAP, followed by Aegean, Sarantis and Lamda Development with over 2% losses.

Despite the positive close of the last two sessions, the very low level of turnover and intra-session fluctuations in the A.A. show that investors remain “restrained” in terms of increasing the risk in their portfolio. According to Depolas Investment Services, the caution that is already present in the General Index will continue in the pre-election period with a possible controlled price drop of at least 1030 units.

As Ilias Zacharakis of Fast Finance comments, we will see a relatively heated atmosphere in the next period and before the elections, as the candidate parties try to win over some of the undecided. After all, there are 12 meetings left before the elections, and it is logical that the market has taken a wait-and-see attitude, and the turnover is at a low level. The government, he said, is betting on the level of investment, which can significantly change the situation in the economy. This fact alone should make investors look at their investments in the longer term, since their returns will be higher anyway.

Technically, the 1100 level has now become the immediate resistance for the overall index, with 1125 points being “key” if the market is to test new highs.