The Athens Stock Exchange ended its fifth month of continuous growth, and with momentum: the general index recorded a cumulative increase of 43.2% over the period, while the banking index stands out as an 82% ‘rally’ since October.

The last meeting of the month proved that A.A. a level above 1000 is now considered “given” and 1100 is generally a new achievement. Although volatility and intra-session pressures were once again present, the General Index, supported by banks and a select few blue chips, once again managed to not only absorb losses, but also close with significant gains. Of course, the completion of MSCI’s restructuring, which generated interest, also played a role in this, as well as the turnover, which reached more than 370 million euros. It is noted that today the shares of Motor Oil are officially included in the MSCI Standard Greece index along with OTE, Eurobank, OPAP, Jumbo, PPC, Alpha Bank, Ethniki, Mytilineos and TERNA Energy.

The general index closed up by 1.43% to 1129.25 points, and the turnover amounted to 377.6 million euros. The Large Cap Index closed up 1.61% to 2750.76 points, the Mid Cap Index closed up 0.52% to 1623.15 points, and the Banking Index gained 3.13% to 929.94 points.

The overall index closed up 1.43% to 1129.25 points.

Among the blue chips, Ellactor (+5.66%) and Motor Oil (+5.2%) rallies stood out, followed by Sarantis with 4.13% growth, and +3.71% and +3, 5% closed Eurobank and Alfa Bank, respectively. National Bank, Titan, Quest and Mytilineos posted over 2% growth. On the other hand, Jumbo, EYDAP and ELVALHALCOR recorded profits of over 1%.

On a monthly basis, the general index strengthened by 10.4% in February, while the banking index by 20.25%.

The Greek stock exchange continues its autonomous course (10 consecutive weeks of growth), outperforming the indices of both European and other markets, becoming the world champion in returns, comments Dimitris Tsanas, management consultant at Kyklos AHEPEY. The growth of the overall index in the first two months of the year exceeds 20%, while the performance of the banking sector has more than doubled, which, together with many securities with a high index, leads to growth.

In the meantime, he adds, the first picture of results for 2022 for listed companies is very positive, and a tax bill with favorable provisions is expected to be passed shortly before the conclusion of this Parliament, which, among other things, will deal with the deduction of the cost of preparing the listing for A.E. interested companies from their taxable profits.