With a slight loss for the third consecutive session, the general index on the Athens Stock Exchange reversed as investors continued to take profits in blue-chip and mid-cap stocks, which outperformed the May rally.

As Deutsche Bank notes, the surge in Greek equities and bonds highlighted a generally difficult May for international markets. He noted that the Greek elections led to a significant lead in Greek assets: the general index of the Athens Stock Exchange rose by 12.4% on a monthly basis, while the yield on Greek government bonds was also higher, the spread against German bonds will decrease by 38 basis points and by 150 m.p.

However, Tellimer Research listed Greek equities as one of its top investment options in June, saying AH stock is up 39% over the past 12 months, but its valuation remains attractive.

In the statistics of the meeting, the General Index closed down by 0.79% to 1209.05 points, and the turnover amounted to 111.1 million euros. The Large Cap Index closed down 0.77% to 2923.64, the Mid Cap Index fell 0.83% to 1810.87 and the Banking Index shed 0.57% to 952.81.

A.A. this year he is the “world champion” in performance.

Among the blue chips, Biohalco and Motor Oil closed with over 3% losses, followed by HELLENiQ ENERGY, Mytilineos and Autohellas with over 2% losses, while National Bank, Aegean, PPC, EYDAP lost over 1%, OPAP, TERNA Energy , ELVALHalcor and Titan. Jumbo, PPA, OTE and Quest closed with over 1% gains.

A.A. is this year’s “world champion” in performance, also notes Petros Steriotis, Managing Director of CIF. He adds that the picture in terms of charts, fundamentals and news stories is in a very satisfying context. The general index, without exaggeration, depicts the elimination of post-election risk and any “adventure” in the management of the country, while the attribute is perceived as pro-investment.

At the level of quarterly results, restructurings, deals and dividends, investors now have a fairly wide range of securities to place. It is now the job of investors to dust off individual corporate fundamentals and outlooks in order to filter and select securities that can outperform an already over-producing market without obvious signs of fatigue, Mr. Steriotis notes.

“Of course, we draw everyone’s attention to the international macroeconomic “sights” that have reappeared in the Bureau of Statistical Measurements in the Eurozone, China and the USA. We take into account the general stability of foreign capital markets at the level of the year, but we keep the “small basket” for investor optimism that the interest rate cycle is coming to an end,” the analyst concludes.