The Athens Stock Exchange ended at the high of the day, with the 7×7 in banks and the prolonged euphoria on Wall Street (new records in Dow, S&P 500) offering valuable support.

 

The Greek market, in this way, managed to return above 1,425 points, making 7/8 in the last few sessions and achieving a cumulative +3.3% rise in November.

 

However, the distance from the "tops" of 1,502 points remains "unbridgeable", while the market reaction from the recent lows of 1,381 points is mainly exhausted in banks and a few blue chips.

 

Specifically, in the first session of the new week, the General Index recorded a remarkable 1.08% increase to 1,428.40 points, gaining more than 15 points compared to Friday's close (1,413.13 points).

 

The arc of daily fluctuations was fixed at 13 points (from 1,415.42 to 1,428.40 points), with a turnover of 122 million euros, of which 29.8 million euros related to pre-agreed packages. 

 

The banking index completed its 7th consecutive session as it finished up +1.00% and 1,242 points. Nevertheless, valuations are still considered "cheap", as the recent 9-month data showed.

 

Alpha Bank's shares, boosted by strong 9-month performance, soared +4.76% to EUR 1.5735, Piraeus shares expanded +1.23% to EUR 3.857, ΝΒG shares were almost unchanged at EUR 7.53, while Eurobank shares narrowed -0.49% to EUR 2.035.

In the high-cap index (+1.12% and 3,476 points), the shares of Cenergy and Viohalco climbed more than +2% and reached 8.8 and 5.2 euros, respectively. Coca - Cola shares, at the same time, "flew" to 34.4 euros (5-year high), gaining +2%. Helleniq Energy, Metlen, Aegean, ELVALHALKOR and Motor Oil followed by 1% to 2%, while OTE reacted up to +1.2% to last week's downward movement, returning to 15.1 euros. On the flip side, Sarantis shares retreated -2.5% to EUR 10.8.

As for the mid-cap index (+1.06% and 2,280 points), ABAX's share stood out at +3.2% and approached the 1.5 euro resistance again. Thrace Plastics, Lavipharm, Profile and ADMIE expanded by +2% to 3%, with PPA shares closing up +2% and recovering to a record 30 euros. Shares of Intracom and Intralot, after their recent dip, gained +1.6% and +1.1%, respectively. Techniki Olympiaki, Trade Estates and Quest were up more than +1%, while Optima Bank shares rose +0.9% and approached 13 euros, thanks to a new 9-month profitability record. In contrast, shares of Kri Kri and Dimand were down by up to 0.8%.