The Athens Stock Exchange closed higher for the fourth straight session, helped by the majority of the blue chips, although there was no shortage of intra-session pressure (and fluctuations) due to the volatility noted in bank stocks after a strong uptrend in the sector. Last few days.

However, the Common Index managed to set a new nine-year high at a time when international markets were also dominated by caution as concerns grow that the rate hike is not complete. This comes as Canada’s central bank followed the Australian central bank in raising interest rates and also hiked the Fed’s rate hike next week, with the ECB following suit.

After a rally that has reached 35% since the beginning of the year and exceeded 20% since the first round of elections, A.A. demonstrates resilience by continuing to take on the risks of portfolios betting on the strong outlook for the Greek market.

According to technical analysis, in the short term, the 1260-1270 zone is the first important target for the General Index, and 1120-1150 points is the support level in case of correction. However, as long as the market closes above 1216 points, the trend remains aggressive, according to Fast Finance.

The banking index slightly decreased by 0.3% to 1017.07 points.

The overall index increased by 0.60% to 1,258.17 points, while turnover reached 166.2 million euros. The Large Cap Index rose 0.32% to 3054.45 points, the Mid Cap Index closed up +1.00% to 1868.69 points, while the Banking Index edged down 0.3% to 1017.07 points.

Among blue chips, TERNA Energy, Lamda Development and Mytilineos closed up over 2%, while Piraeus Bank, Ellactor, EYDAP, Motor Oil, Jumbo and Titan gained over 1%. Only Eurobank (-1.61%), OTE (-1%), National Bank (-0.36%) and Quest (-0.16%) closed lower.

As Petros Steriotis, managing director of CIF, points out, the eternal introversion that afflicts A.A. members. began to change, throwing us back a few years. The last few months have been characterized by methodical exploitation – building positions on every normal decline in the General Index, in the context of “buying the dip” – buying movements, i.e. when the market is falling – behaving in accordance with a real structural bull market, as he explains.

According to Mr. Steriotis, the record prices of general and sectoral indices and individual securities receive further confirmation from the Greek ten-year bonds, which are beginning to chart the national economy with high reliability and potential. According to him, the long-awaited update is largely integrated into the fundamental picture of AX, but the market is encouraged to continue to be convinced of the medium-term prospects of listed companies, as “buy rumors, sell.” to confirm it, “the script lurked.”