Noteworthy are the efforts of the Athens Stock Exchange to maintain the milestone of 1000 units, which it overcame intrasessionally, meeting for the first time since the beginning of December 2014. However, as expected, this level highlighted some sellers who wanted to liquidate their significant short-term gains, causing the General Index to record (small) losses at the close.

Thus, A.A. lost the (first) battle, but certainly not the four-figure war in an attempt to close the cycle of crisis and unrest that began eight years ago – with the specter of Grexit haunting the market and economy – and is expected to continue, of course, with the help of international climate.

However, domestic analysts, although they are generally positive, recommend caution, since eight-year highs, as they note, it is logical to also carry an adjustment. Thus, Depolas Investment Services places a range of GD estimates for the next period between 1,030 and 930 units pending fourth-quarter results for listed companies.

In particular, in the statistics of the meeting, the General Index closed down by 0.39% to 993.91 units, with a daily high of 1004.95 units, and the turnover was 93.7 million euros. The Large Cap Index closed down 0.59% to 2406.64 points, the Mid Cap Index closed up 0.76% to 1524.18 points, while the Banking Index fell 1.59% to 735.98 points.

The overall index closed down 0.39% to 993.91 with a daily high of 1,004.95.

Among the blue chips, Biohalco, TERNA Energy and PPA stood out with gains of 3.01%, 2.36% and 2.11% respectively, while Ellactor posted the biggest losses with a 6.55% drop. They are followed by Quest with a drop of 3.04%. %, Eurobank by -2.42% and Sarantis by -2.13%, as well as with losses of more than 1% Aegean, Piraeus, HELLENiQ Energy, Titan, Alpha Bank and PPC.

The Greek stock market moves in sync with the international markets and the daily turnover exceeds 100 million euros. to test the psychological limit of 1000 units, notes Dimitris Tzanas of Kyklos Chrimatistiraki. According to him, the virtuous circle of the market continues, in the context of which the participation of the investing public expands and its interest extends to more securities every day.

A reasonable question arises: is this impressive movement of the last interval justified?

As Mr. Tzanas highlights, while the “path in the fog” is a scene that is being supported, there are reasons that can be assessed positively for the markets: the declining inflation environment continues for the Greek economy with the expectation of further significant reductions in electricity prices in February, as well as food products after December, while confidence that 2023 will be a year of significant improvement in the operating profitability of banks is strengthening. At the same time, the current investment programs and the likely continuation of the positive course of tourism in 2023 form an estimate of the growth rate of at least 2% of GDP this year.