With a slight deviation of 0.25% stock market market at the end of the week, after four consecutive weeks of growth during which the main stock index recorded an overall increase of 12.51%.

Investors liquidated to capture some of the high gains recorded by stock prices over the previous four weeks and mainly the previous first post-election week (+7.82%).

The Greek stock market became the “world champion” in terms of returns in the first five months with a rise of 31.07%. It is followed by the Russian index MOEX (+26.16%), Nasdaq (+23.59%), Nikkei (+18.37%). The Greek stock exchange records twice the profit compared to the main European stock exchanges.. The German DAX-30 added 12.50% in five months, the Italian index – 9.89%, the French CAC-40 – 9.65%, and the British FTSE-100 index fell slightly by 0.08%. The underlying S&P 500 rose 8.86% while the Dow Jones fell 0.72%.

Positive reports on Greek banks continued this week

Positive winds will continue to blow towards Greek banks as the recent elections are seen as paving the way for Greece’s transition to investment grade status as Jeffries maintains and raises the price target for the National Bank to €7.30 from €6.50 previously, for the Eurobank by level 1.70 euros from 1.65 and for Piraeus 2.70 from 2.50 euros.

Axia Securities raises its price targets for four systemically important banks while maintaining its BUY recommendation.

For Alfa-Bank, the target price is increased to 2 euros (from 1.80 euros), for Eurobank to 2 euros (from 1.80 euros), for the National Bank to 7.2 euros (from 5.5 euros) and for Piraeus to 3 .4 euros (from 3.1 euros). .

The general price index finished the week at 1,217.86 points compared to 1,220.89 points the previous week, which means a weekly fall of 0.25%. Since the beginning of 2023, it has recorded a growth of 30.98%.

The FTSE/ASE 25 Large Companies Index closed the week down 0.79%, up 31.18% YtD. The FTSE MID CAP index finished the week up 1.13%, and has gained 28.53% since the beginning of 2023.

The banking index closed the week with a decline of 3.86%, while since the beginning of the year it added 50.35%.