He succeeded, and he significantly reduced the strong intra-session pressure that the Athens Stock Exchange received thanks to the impressive “reversal” of banks against the backdrop of a very negative climate in Europe.

The overall index fell as much as 1025 points to a two-month intra-session low in the shadow of strong pressure on European markets – a consequence of the developments with regional banks in the US, despite direct intervention – support from the US authorities – but it absorbed most of the fall, closing in the 1050 area. points. According to analysts, this indicates that the corrections in A.A. this is an opportunity for investors to enter lower price levels, not a reason for them to leave the Greek market.

However, according to new data created by the US banking events, investors are repricing interest rates, estimating that central banks will move less aggressively than originally anticipated, leading to a new rally in bonds, between including Greek, where 10-year yields bonds fell yesterday by 3% to 4.19%, which is a monthly low.

The overall index closed down 0.64% to 1049.55 from -2.94% during the session, with turnover reaching 152.58 million euros.

The overall index closed down 0.64% to 1,049.55 points on a turnover of 152.58 million euros.

The Large Cap Index fell 0.63% (from -3.2% at the lows) to close at 2548.19, with a loss of 0.69% at 1537.56, the Mid Cap Index closed and the banking index rose by 0.97% from 5.26 points. % dropped to daily lows to close at 801.03.

Of all the blue chips, Mytilineos and Viochalko recorded the biggest losses (-2.98% and -2.96% respectively), followed by OPAP with losses of 2.1%. With growth of 4.32% and 3.73% respectively, Sarantis and National Bank stood out, while Piraeus Bank (+0.71%), Jumbo (+0.67%) and Autohellas (+0.34) also closed in positive territory).

The Silicon Valley Bank caused a global correction that also affected the Greek market, which recorded the largest profit in 2022, said Ilias Zacharakis of Fast Finance. “We assumed that the market could test the zone of 1030-1050 points, a level that can give a reaction, but does not suggest buy signals,” the analyst notes.

According to him, the extension of the election campaign also extends the investment stage. On the other hand, the correction was manna from heaven for several funds waiting to be listed on the Greek market. The announcement of GDP for 2022 at 5.9% gave us hope that in 2023 we will again be able to record a significant growth rate.