The Athens Stock Exchange recorded a strong rise with increased turnover, with the overall index returning above 1,090 points to hit the high of the year it reached before the international banking turmoil hit in March.

Despite the fact that we are in the Easter holidays period, investment interest remains high, as yesterday’s growth was not limited to blue chips, but spreads to most of the market.

In the next period, it is clear that the market will move at the pace of the election, and investors will follow the polls, so it is logical that volatility will prevail, with attention also focused on the upcoming April 21 Greece S&P assessment. exactly one month before the national elections.

In the statistics of the meeting, the General Index closed with a gain of only 1.75% at the level of 1092.75 units, and the turnover was 105.57 million euros. The Large Cap Index advanced 1.77% to 2,643.67 points, while the Mid Cap Index closed up 1.81% to 1,604.07 points.

Despite the fact that we are in the period of the Easter holidays, investment interest remains high.

GEK TERNA and Aegean stood out among non-banking blue chips, which formed at 7.05% and 6.47%, respectively, while Ellactor and OTE followed them up by 3.91% and 3.41%. Motor Oil, Mytilineos and TERNA Energy recorded growth of more than 2%. Only EYDAP (-0.89%) and PPA (-0.72%) closed with losses.

The banking index closed up 1.74% to 794.07 points, with the National Bank closing +2.22%, Piraeus +1.79%, Alfa-Bank +1.65% and Eurobank +1, 38%.

While uncertainty prevails in the international arena, the Greek narrative maintains its momentum and its hopeful outlook, says Dimitris Tzanas, management consultant at Kyklos ACHEPEY. The Central Bank estimates that GDP will grow by 2.2%, as it notes, an estimate that could be conservative if a three-fold improvement is confirmed, which will form a strong growth of the Greek economy, and in 2023: an increase in tourism revenues, which could range around €20 billion if first-quarter trends continue, increased investment unaffected by higher interest rates and unchecked by political uncertainty and business extraversion, with exports up 25% in the first two months and trade deficit down 27.2. %.

With these data, as Mr. Tsanas highlights, the positive momentum of the Greek stock market continues with a record of eight consecutive bullish sessions, with the General Index recording an increase of more than 16% since the beginning of the year. While foreign participation has dwindled these days, it looks like sellers have likely capitulated as fear of the May election eased, with no change in economic policy “the next day.” Thus, the confrontation with 1100 units is likely to continue to such an extent that the heightened mood of the autonomy of the Greek stock market rate from the events of the international environment will return.