The Athens Stock Exchange closed slightly higher after a session of many and intense fluctuations, with the overall index moving from -0.90% to +2%. This, according to analysts, indicates that we are entering a period of high volatility, both in the wake of the banking hurricane that hit the markets this week, and ahead of internal elections, which were postponed to a later date, and any volatility, which may cause. .

Return of A.A. in positive territory after Wednesday’s big sell-off doesn’t mean the hard days for the market are over. And this is because the turmoil that started in the US and “crossed over” to Europe has now caused the Greek market to leave the days of autonomy behind and fully align with foreign market movements, which in turn will be news-driven. a flood of concerns about the banking industry.

The overall index closed up 0.65% to 1,031.91 points, with a turnover of 131.25 million euros. The Large Cap Index advanced 0.63% to 2,505.87 units, while the Mid Cap Index closed at 1,489.66 units. with a fall of 0.44%.

The turnover was 131.25 million euros, and the overall index was 1031.91 units.

In non-banking blue chips, Titan was up 2.82%, PPA closed up +2.57% and Coca-Cola up +2.36%, while PPC, EYDAP, Motor followed with more than 1% gain. % Oil, Jumbo, Mytileneos and Sarantis. In contrast, Aegean suffered the most pressure with a 1.65% drop, OPAP with a 1.55% loss, Ellactor, which closed at -1.35%, and Lamda Development at -1.3%.

The banking index also recovered, rising by 0.83% to 769.95 points, while Alfa-Bank lost only 0.75%, while Piraeus Bank closed +3.20%, National Bank +1.18% Bank and Eurobank +0.77%.

The storm moved from the US to Europe, with Credit Suisse’s systemic value much higher than that of Silicon Valley Bank and Signature Bank, said Petros Steriotis, chief executive of CIF. As for ASE, the timing of the “crash tests” in New York and Europe has coincided with a climate that is weighing heavily on the Greek political scene and society. “Import riots” are expected to continue because “when buffaloes argue, frogs pay” and the emotional Greek market cannot remain unaffected by international events, Mr. Steriotis adds.

This year, the superiority of AA compared to international stock markets, he “invited” sell orders to take profits. “Technically, we are cautiously watching momentum and corrective trading activity from multi-year highs in the overall index, with 1,000 points appearing to act as a magnet for further pullbacks,” the analyst said.