The Athens Stock Exchange can now feel even safer, as far as the critical supports of 1,400 points are concerned, as it extended its safety cushion, thanks to the 3rd consecutive upward session.
This resulted in the Greek market returning above 1,440 points—for the first time since June 12 - bringing this year's return back to +11%. In fact, on a weekly basis, the rise exceeded +2.5%.
However, we must not forget that all this was achieved with particularly low turnover, as political uncertainty in Europe is not conducive to taking big risks, especially while the second round of the French parliamentary elections is pending.
However, it is clear that expectations of the formation of an independent government by Marine Le Pen's far-right have been fostered in recent days, which has boosted buyer morale.
Against this backdrop, the General Index rose a cautious 0.33% to 1,440.52 points, up about five points from Thursday's close (1,435.81 points).
The arc of daily fluctuations was fixed at six points (from 1,436.45 to 1,442.11 points), with the turnover of transactions ranging at just 55 million euros, of which 2.9 million euros were for pre-agreed packages.
The share of Ethniki expanded +1.46% and 8.064 euros, Eurobank followed at +0.66% and 2.132 euros, Piraeus shares finished +0.33% and 3.66 euros, and Alpha Bank shares closed +0.55% and 1.633 euros.
In the high-cap index (+0.42% and 3,517 points), Helleniq Energy's shares climbed +1.9% and EUR 8.08, with Sarantis' shares soaring +5.4% and EUR 11.6. Beyond that, Viohalco and Metlen gained 2.4% and 1.4%, respectively, while shares of Autohellas, EYDAP and Cenergy gained more than 1%. The latter, in fact, flew to an all-time high (EUR 9.96). PPC, Εlvalhalcor, Lamda, Jumbo and Aegean, on the other hand, lost between 1% and 1.5%.
As for the mid-cap index (-0.09% and 2,278 points), EpsilonNet's share slipped -2.2% and 12.02 euros, "picking up" the difference compared to the market price of the main shareholders (12 euros). Intracom also fell by 1%. On the other hand, Ideal's shares rose dynamically by 2.4%, while shares of EYATH, Profile, Kri Kri and Techniki Olympiaki closed at +1%.
