The Athens Stock Exchange, buoyed by stocks with a high index, rose above 1060 points and reached its highest level since September 2014. Intense mobility on the business front and positive sentiment prevailing in European markets thanks to less “aggressive” statements. Fed President led to an increase in the overall index.

However, all eyes are on MSCI’s late-night announcements about revising its indexes. Greece’s MSCI is made up of nine stocks – OTE, Eurobank, OPAP, Jumbo, PPC, Alpha Bank, Ethniki, Mytilineos and TERNA Energy – and Motor Oil is estimated to have a high likelihood of inclusion, while they do not rule out the inclusion of Piraeus Bank and HELLENiQ ENERGY , which will increase capital inflows into AHE In the statistics of the session, the General Index closed up 2.20% to 1064.43 points, while the turnover was 129.6 million euros and the volume – 96 million units, with half of them accounted for by on the share of MIG, which marked the third limit in a row. up.

The Large Cap Index closed up 2.26% to 2588.52 points, the Mid Cap Index closed up +1.54% to 1601.39 points, while the Banking Index rose 3.64% to 829.65 item.

Among the blue chips, OTE stood out with +4.46%, Biochalco with +4.39%, National Bank with +4.21%, Alpha Bank with +4.19% and Piraeus Bank, while Eurobank, GEK TERNA, Coca-Cola and ELVALHalcor closed with a profit. more than 2% profit. Only Ellactor recorded losses, falling 1.57%.

Today, all attention is focused on the announcement of the revision of the MSCI index.

From a technical point of view, the General Index shows the eighth consecutive week of growth, surpassing even the most optimistic expectations, comments Nicholas Petrakis, technical analyst at Whitetip Investment. The break of 970 points generated a very strong buy signal, with the overall index showing clear signs of a bull market.

In the short term, he adds, the market remains heavily overbought and a correction or rally is around the corner. In the event of a correction, support rose to 1030 and 995 points, which gives buyers better entry levels. Any resistance appears to be of little consequence as comparable price levels are at least eight years behind, while bank recapitalizations and any changes in the weighting of the General Index have stepped in.

However, in the medium term, emphasizes Mr. Petrakis, the growth rate of the Greek market is particularly high, since now, after several years, it has entered a new growth cycle. In the coming weeks, attention should be focused on the political risks associated with the elections, which the market is clearly ignoring.

For his part, Nikos Kavkas, head of research at Depolas Investments, notes that the change in the main characters in AX is an optimistic signal for further growth, but remains cautious in the future due to the increased likelihood of a change in the international environment.