With banks leading the way (again), the Athens Stock Exchange continued its November bullish move as buyers ignored European pressures and reversed the sellers' morning dominance.

In this way, the Greek market achieved its 8th positive close in the last nine sessions, having recovered +3.5% from 1,381 points on October 30. And all this, of course, thanks to the banking rally, which has been "running" at +9.5% since November 1, achieving an "absolute" 8×8.

However, it is clear that, amidst the international volatility, a diffusion of the bullish sentiment to the rest of the blue chips is needed in order for Athens to capitalize on the current momentum, convincingly surpass 1,450 points and converge with the big target of 1,502 points (13-year high).

In this environment, in the second session of the week, the General Index "erased" the morning losses and "turned" into positive territory, finishing +0.18% at 1,430.91 points (+2.5 points compared to Monday's close).

The arc of daily fluctuations was fixed at 12 points (from 1,422.02 to 1,434.28 points), with a turnover of 147 million euros, of which 18.6 million euros related to pre-agreed packages. 

The banking index, thanks to JP Morgan's "overweight" recommendation, continued its bullish streak, closing up +1.04% to 1,255 points. This took the positive streak to 8×8, with a cumulative rise of 9.5% since November 1.

Alpha shares "flew" to +2.92% and EUR 1.6195, Piraeus shares followed at +1.45% and EUR 3.913, ΝΒG shares traded at +0.80% and EUR 7.59, while Eurobank shares were almost unchanged at EUR 2.034.

In the high-cap index (+0.20% and 3,484 points), Coca-Cola shares, after yesterday's 5-year highs, corrected to -1.1% and 34.0 euros. Cenergy, at the same time, was down 1.7%, while Aegean, Autohellas and Lamda shares fell by at least 1%. The shares of PPC (motor oil) and Metlen also contracted by up to 0.7%. On the opposite side, Viohalco's shares gained +1.5%, Titan's shares rose by 1.3%, while AIA's shares came within a breath of EUR 8 (+1.2%).

As for the mid-cap index (+0.10% and 2,282 points), Intralot's shares returned to negative territory, sliding -2.6% and 0.93 euros. Shares of Techniki Olympiaki, PPA, AVAX and Profile lost between 1% and 1.3%. On the other hand, shares of Plastic Thrace soared 5.2% and returned to 4 euros for the first time since late August. Kri Kri, Ideal and Lavipharm followed by more than +1%, with Fourlis shares expanding +3.3% to 3.8 euros.