The Athens Stock Exchange is recording higher and higher levels with more and more securities involved and not relying only on bank stocks, while European markets continue to move with great caution.

Business development and renewed investor interest in AX, as evidenced by consistently high levels of turnover, have led the market to a new autonomy, despite warnings of a possible correction after this ongoing rally. Thus, in the meeting statistics, the General Index closed with an increase of 0.82% to 1041.51 units, and the turnover reached 125.98 million euros and a volume of 68.79 million units, while 25.4 mln pcs. , which closed on the limit up (after the announcement of the public offer of Piraeus).

The Large Cap Index rose 0.81% to 2531.37 points, while the Mid Cap Index closed up 0.22% at 1577.12 points.

Among non-banking blue chips, Jumbo closed up 5.33%, followed by Lamda Development, Sarantis, TERNA Energy, OTE, OPAP, Mytilineos, Motor Oil and GEK TERNA with gains of over 1%.

As of December 8, 2014, the overall index exceeded 1035 points.

The banking index fell 0.19% to 800.54, with Piraeus and Ethniki gaining 2.22% and 0.70%, respectively, while losses of 1.46% were recorded by Eurobank and 0.64% by Alpha bank.

Markets are being cautious, focusing more on the prospect of further interest rate hikes, setting the stage for turbulence in the financial ecosystem with global debt (public and private) in excess of $300 trillion at the end of 2022. dollars and reached 349% of world GDP according to the International Financial Institute, according to Dimitris Tzanas of Kyklos Chimatistiriaki.

However, the Greek stock market remains optimistic, he adds. After completing seven consecutive weeks of gains, the overall index is looking to record another one, breaking the 1035 mark yesterday, which it has seen since December 8, 2014.

The banking sector is driving this, while flows of European funds from the Recovery Fund are setting the stage for a strong credit expansion for the period 2023-25. At the same time, Mr. Tzanas adds, the rotation of other index-weighted securities is beginning to be complemented by mid- and small-cap securities as the business develops seriously.

Given the above data and many others that deal with economic news every day, it is reasonable to record an improvement in the economic climate index in January (to 104.9 points from 103.5 in December) for the Greek economy. In addition, a restructuring of the MSCI Standard Greece index is expected to add new shares to the existing nine, with Motor Oil considered the most likely. Thus, the autonomy of the Greek stock market tends to consolidate, and G.D. prepares its confrontation with an area of ​​1050 units, concludes Mr. Tzanas.