With a small range of swings and much less turnover, the Athens Stock Exchange moved, clearly showing that investors are cautious after the turmoil that occurred in the US and Europe due to banks, as there is high uncertainty about whether the banking crisis is over. “alert” whether the worst could be ahead and what the consequences would be for the economy.

Thus, selective placement of blue chip stocks has been the main strategy of portfolios holding positions in the Greek market, which has led them to outperform the main European markets, where the picture was mixed.

In the statistics of the session, the General Index closed up by 0.71% to 1052.43 points, and the turnover amounted to 66.3 million euros. The Large Cap Index closed up 0.75% to 2552.35, up 1.03% to 1528.8, the Mid Cap Index closed while the Banking Index edged up 0.18% to 781 .41 units.

Among the blue chips, Ellactor again stood out with +5.96%, followed by OPAP with an increase of 3.06% and Titan with +2.24%, while the growth of more than 1% was recorded by National Bank, Aegean, Motor Oil, Jumbo, Mytilineos, EYDAP and PPA. On the other hand, HELLENiQ ENERGY lost 2.09% and Lamda Development lost 0.95%.

The country was again in the spotlight of the foreign press, with a Bloomberg article reminding investors of the benefits of Greek assets.

It is important that in the midst of the turmoil in the markets, which “froze” the history of Greece, which brought A.A. in the top spot of international income before the sell-off hit, the country is once again in the spotlight of the foreign press. The Bloomberg report reminded investors of the virtues of Greek assets, highlighting that Greece has managed to prove many economic experts wrong who previously predicted its collapse as investors now turn Greek bonds into their favorite government debt. This, he points out, is a sign that Greece is a financial counterbalance to the collapse of SVB and Signature Bank and the crisis of Credit Suisse and First Republic, while among other things he adds that it is expected to recover investment levels soon enough. .

Amid the turbulent developments in the international banking industry, with the traditionally high-security Swiss financial system creating “tidal waves” in the markets, investors everywhere cannot “sleep well,” said Petros Steriotis, chief executive of CIF. Central banks’ fight against inflation continues to indirectly drain liquidity from the weakest and most excessive parts of the economy, while the possibility of new crashes and policy missteps remains.

However, the massive rise in the price of Greece’s 10-year government bonds in March is a typical example of a global bias towards “fixed income” investors, as Mr. Steriotis points out. The uncertainty also favored gold, which is traditionally considered a highly reliable asset.

In AX, he concludes, the 1,000 unit support that was broken intra-session a few sessions ago is key, and the market is being asked to show signs of resilience so as not to miss an eight-year high. A few weeks ago.