The Athens Stock Exchange moved steadily, the market focused on the political front ahead of Sunday’s elections. While there was no shortage of pressure on individual blue chips as well as banks, the General Index managed to “balance” thanks to support from large and mid-cap stocks and an upward revision in the growth outlook for the Greek economy. from the commission.

Hoarding, after all, is a trend that is expected to continue in AA. before the elections, showing that investors take a wait-and-see attitude, not leaving the market, waiting for developments. Importantly, the General Index has managed to maintain a leading international gain of 20.65% YTD, with trading activity improving in recent days despite mild investor moves.

The general index closed with a slight drop of 0.10% to 1121.65 points, and the turnover amounted to 83.6 million euros. The Large Cap Index fell 0.14% to 2730.92 points, while the Mid Cap Index closed down only 0.04% to 1650.83 points.

Many authorized funds will be forced to enter the market after the investment stage.

Among non-banking blue chips, Autohellas stood out with a 3.13% gain, followed by Titan, Sarantis, Mytilineos, Ellactor, Biohalco, GEK TERNA, Motor Oil and Jumbo with over 1% growth, and HELLENiQ +1.41%. ENERGY. On the other hand, EYDAP recorded losses of more than 2%, while Motor Oil, Jumbo, TERNA Energy and Quest closed with losses of more than 1%.

The banking index fell by 0.69% to 847.28 points, while Piraeus Bank closed at -0.95%, Alfa-Bank at -0.84%, Eurobank at -0.66%, and the National Bank recorded losses in 0.47%.

Now there are only four meetings left before the election, which clearly did not have a negative impact on the market, as many expected, said Ilias Zacharakis of Fast Finance. The latter fact has left enough funds willing to invest pending developments, meaning the market is unlikely to be under much pressure. On the other hand, he adds, in front of us, as everyone can see, the market has broken many years of accumulation without giving a big aggressive trend so far. It will happen sooner or later, and the way it has moved so far is typical of a bull market.

The investment phase is ahead, the analyst adds, which the participants are aware of, and over time, new funds appear and individuals decide to invest in Greek stocks. Recall that many statutory funds will be forced to be placed on the market after the investment stage.