With… times the Athens Stock Exchange continues its upward trajectory, steadily approaching its eighth week of positive returns, well ahead of European markets, despite the rally they also recorded. Powerful support in this effort is the many rotating index-weighted stocks, as well as business development, while maintaining turnover at a high level.

Although we are in the pre-election period, which in the past made investors wait and stand aside, waiting for developments, this time they decided not to stand aside, betting on an increase in the ratings of Greece and the Greek market. And this despite the fact that they believe that there is no political risk, that is, there is no expectation of a government that will oppose development and investment.

Thus, the General Index closed with an increase of 0.98% to 1074.87 points, and the turnover amounted to 149.06 million euros.

The large cap index closed up 1.14% to 2617.91 points, up 0.59% to 1610.88 points, the mid cap index closed and the banking index gained 3.64% to 842.86 points.

The renewal of both the market itself and the Greek economy is expected to trigger a wave of new inflows.

Of the blue chips, Jumbo stood out with a 6.15% gain, followed by National Bank and Aegean with +3.91% and +3.04% respectively, as well as Biohalco, PPC and Motor Oil. On the other hand, OTE (-0.97%), Ellactor (-0.91%) and GEK TERNA (-0.81%) recorded the largest losses.

XA appears to be on the cusp of a cyclical bull market, having unraveled the psychological and graphical barriers of the 1000 to 1040 zone, and this year’s gains of around 10% are very good to continue, as he comments Petros Steriotis, CIF CEO . “Given the improvement in corporate and macro news, as well as the ‘stress’ levels from which AXA is coming, we believe that its superiority over foreigners has very good prospects for continuation,” he emphasizes. Of course, he adds, vigilance is required to avoid complacency or lethargy following the recent earnings report, and while many investors are expected to want to go through the “fund.”

Perhaps the “verbal” correction would be “healthy” in the analyst’s opinion, as it would attract capital from investors left on the side of the train and willing to “get on board” before it continues to even “higher directions.” There remains a need to increase the number and operations of those involved in A.A. investors, both private and institutional, emphasizes Mr. Steriotis.

A wave of new tributaries in A.A. According to analysts, this is expected to lead to a renewal of both the market itself and the Greek economy. As Optima Bank, which remains bullish on Greek equities, notes, the recovery of the investment rating in the second half of 2023 will pave the way for an upgrade of the credit rating of banks and non-financial companies, as well as an upgrade of A.A. to mature market status in 2024.