"The Athens Stock Exchange put a stop to the five-day downward streak today (29/10), as buyers regained the "reins," allowing the General Index to return above the 200-day moving average (1,396 points) and 1,400 points.
Of course, the Greek market did not manage to close near the highs of the day, losing some of the intra-day momentum due to the stagnation abroad. The important thing, however, is that there was a reaction from investors, with the improved sentiment in the banks playing a key role.
Beyond that, however, the major issue is whether this comeback will continue, given that Athens is still at least 100 points away from the multi-year highs of May (1,502 points). According to analysts, much will depend on the 9-month corporate figures, which are beginning to monopolize the agenda.
Specifically, in the first session of the new week, the General Index posted a modest 0.79% increase to 1,401.18 points, gaining about 11 points compared to Friday's close (1,390.25 points).
The arc of daily fluctuations was fixed at 12 points (from 1,397.45 to 1,409.71 points), with a turnover of 181 million euros, of which 56 million euros were pre-agreed packages.
The banking index, which came under significant pressure in the previous five days (-7.1%), managed to recover from 9-month lows, gaining +1.96% to 1,171 points.
ΝBG's share soared +2.98% and 7,264 euros, Eurobank's share followed at +2.55% and 1,928 euros, Alpha's share traded +1.54% and 1,422 euros, while Piraeus' share rose +0.62% and 3,572 euros.
In the high-cap index (+0.99% and 3,384 points), OTE's shares expanded by +0.1% and approached 16 euros again. Ellaktor, PPC, Titan Cement, and Jumbo gained at least +1%, while Cenergy's share gained +2.5% and 8.7 euros, bridging the gap from 9 euros. For its part, Motor Oil shares managed to recover from 22-month lows, returning above 20 euros, thanks to today's +1.1% gain. At the same time, AIA's shares flew +4%, which "turned around" at 7.8 euros, ahead of tomorrow's announcement of quarterly figures. On the flip side, index heavy Coca-CCola folded to -1.5% and 32.6 euros, with Viohalco shares following at -1.1% and 5.3 euros.
As for the mid-cap index (+0.09% and 2,292 points), shares of Kri stood out at +1.4% and soared above 14 euros, reaching a new all-time high. EYATH, AVAX, Lavipharm, and Ideal rose more than +1%, with Intrakat shares improving +1% and 5.07 euros, pending tonight's rebranding announcements and possible acquisitions. Fourlis and Techniki Olympiaki, meanwhile, expanded by at least 2%. In contrast, Austriacard shares retreated to -1.2% and EUR 5.50, Optima shares contracted to -1.4% and EUR 12.6, while Intralot shares followed at -0.9% and EUR 1.07.
