With a strong rally above 870 points and new two-month highs, as well as “increased” turnover, the Athens Stock Exchange moved, thus ending a great month in terms of returns in the best possible way and receiving significant support from most of the blue chips, while while sentiment in European markets was relatively cautious.

Inflation data, which set a new record for the Eurozone in October at 10.7%, and GDP in the third quarter, so the Eurozone economy posted a modest increase, have been in the spotlight as attention now shifts to the Fed meeting and the interest rate decision . on Wednesday, when markets discounted a 75 basis point increase, but the question remains how this will play out in the near term and any signs of looser policy.

According to domestic analysts, the effectiveness of A.A. in October they give a significant “air” to November and strengthen hopes for the restoration of 900 units. The Greek market recorded the best monthly performance this year: the overall gain since the end of September was 10.26%, while losses since the beginning of the year were reduced, and now they are only 2.13%. The banking index showed clear growth, recording a gain of 5.1% since the beginning of the year, while on a monthly basis in October it jumped by 18.3%.

In the statistics of the Monday session, the General Index closed up by 1.57% to 874.27 points, and the turnover amounted to 75.46 million euros. The Large Cap Index closed up 1.63% to 2,121.14 points, while the Mid Cap Index closed down -0.35% to 1,313.54 points.

During yesterday’s session, the General Index rose by 1.57% and reached 874.27 points.

Among non-banking blue chips, PPC and Ellactor rose +5.1% and +5.08% respectively, followed by GEK TERNA and EYDAP with over 4% growth, and Jumbo and Coca-Cola with over 3% growth.

The banking index recorded an increase of 1.47% to 604.3 points, while Piraeus Bank recorded an increase of 3.48%, Eurobank closed at +1.87%, Alfa-Bank +1.03%, and the National Bank strengthened by 0.55%.

For the General Index, the bet is on an upward expansion after the previous week’s accumulation, with the 890-900 area being critical resistance, Depolas Investment Services notes, adding that “the key” is the performance of the banking index.

For its part, Beta Securities notes that even with low, mid-day trading conditions, the Common Index is looking to re-approach 900 units, the level from which it began its down move in mid-August. However, this will not be easy, the brokerage points out, as the hard core of the down move is the area between 860-880 units, where average daily trades ranged from 60 to 90 million euros.