Stock market: Continuation of the upward reaction targeting 870 points

The Athens market is moving with a new significant rise, as the hopes for finding a solution in the Ukrainian stimulate the investment mood internationally.

In particular, the General Index is moving at 869.34 points with an increase of 0.85%, the FTSE 25 is strengthening by 0.89% moving at 2,105 points, while the banking is leading for another session with + 1.19% which brings it to 634 units.

The war in Ukraine has shown that it more or less determines the trend of world markets and to a large extent those of Europe, which is confirmed once again in recent days as positive news brings a significant rise in the indices.

Thus, the Greek stock market seems to be regaining confidence that will give it a boost to return to the first phase at 900 points, with the peak of the banking sector that led and yesterday’s rise with which the market deleted last week’s losses.

In the same climate, banks continue to pace their transactions today, with high capitalization following almost entirely.

On the European charts, the German DAX is strengthening above 1.1%, the French CAC 40 is moving at + 1.4% and the pan-European Stoxx 50 at + 1.35%.

At the same time, oil prices are showing signs of stabilization in the $ 110 area, while gold is falling for the third consecutive session, which confirms the strengthened risk-taking position internationally.

On the board

The National Bank is for the second day at the top of the high capitalization with + 1.76%, while in the other banks Alpha is moving at + 1.33%, Eurobank at + 1% and Piraeus at +0.79.

Among the non-banking blue cips, OTE stands out with an increase of 1.5%, TERNA Energeiaki with + 1.4%, OPAP with + 1.22%, IPTO with + 1.11% and Quest with 1.2% .

On the contrary, with small losses, Jumbo is moving at -0.15%, PPA at -0.36% and Titanas at -0.46%.

M. Chachladakis