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Banks are leading the way of gains | TheGreekDeal.com
Athens Stock Exchange
Banks are leading the way of gains
The Greek stock market is gaining for the fourth consecutive day, with the US elections monopolizing the interest.
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The Greek stock market is gaining for the fourth consecutive day, with the US elections monopolizing the interest. Investors are anxiously watching and trying to manage the large volume of news related to the derby between Kamala Harris and Donald Trump.

The stock market is aligned with the general mood of selective positioning and risk aversion. The General Index remains below 1,400, although there is a more convincing attempt to revisit it today. This is because valuations of some board-heavy securities trading at multi-month lows are attractive, now showing strong upside potential.

Specifically, in Tuesday's (5/11) session, the General Index is up +0.57% at 1,398.63 points, with the high for the day at 1,399.73 points and the low for the day at 1,391.66 points. Turnover remains lower in the context of the wait-and-see attitude of the broader markets. Banks are leading today's rebound in a reasonable reaction, as it is the sector that came under the strongest pressure last week, closing at a 9-month low.

The banking index gained +1.35% today, trading at 1,191.13 points. The FTSE 25 (high cap) is up +0.72% at 3,387.30 points, and the Mid Cap (mid cap) is up +0.29% at 2,265.71 points.

The value of the transactions is 32.6 million euros, of which 8.9 million euros relate to packages (four of Piraeus Bank with a total value of 7.848 million euros). The market capitalisation is 106.065 billion euros. 56 shares rose, compared with 31 that fell and 18 that remained unchanged.

Among the systemic banks, Alpha Bank stands out with a gain of +1.78% at 1.426 euros, followed by Ethniki (+1.61% at 7.428 euros), Piraeus (+1.56% at 3.654 euros), and Eurobank (+0.82% at 1.956 euros).

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