The Athens Stock Exchange continued to rally with strong turnover, ending a very positive week for the overall index, which recorded new nine-year highs in succession for five consecutive sessions, while sentiment in international markets remained cautious.

Thus, investors continue to move in their chosen directions, moving smaller capitalizations off the blue chips on their radar, clearly demonstrating their willingness to continue investing in AE and at the same time increase their positions, “betting” on the country’s positive prospects.

In the statistics of the session, the General Index closed up by 0.28% to 1261.67 points, and the turnover reached 129 million euros. The Large Cap Index closed up 0.27% to 3,062.57 points, the Mid-Cap Index closed up 1.41% to 1,895.1 points, and the Banking Index gained 0.23% to 1,019.39 points.

The banking index strengthened by 0.23% to 1019.39 points.

Of all the blue chips, ELVALHalcor stood out at 3.63%, followed by Alpha Bank, Lamda Development and Mytilineos at over 2%, and EYDAP and Jumbo at over 1%. On the other hand, losses in the amount of 4.12% were recorded at Elaktor, while a fall of more than 1% was recorded at the National Bank and OTE.

Over the week, the general index strengthened by 3.6%, and the banking index by 5.85%.

The 2023 bull market, in addition to high yields, is characterized by spreading interest, consistently strong turnover and news that keeps prices tied to fundamentals, said Manos Hatzidakis, head of research at Beta Securities. This time it is Alfa-Bank’s turn to confirm its position with higher return on equity, profitability and dividend plans. The market remained far from indifferent, continuing its bullish streak and maintaining interest throughout the week.

The first ten days of June are running with average daily transactions of more than 130 million euros, almost double the corresponding period last year, keeping the participants’ adrenaline high.