Stock Exchange: Reaction Rally in Banks and Stasinopoulos Group – Flirting Again with 2,300 Units
The Athens Stock Exchange is experiencing a significant positive shift as buyers capitalize on recent corrections, pushing the general index back towards the 2,300 mark.
The climate in the Athens Stock Exchange has notably improved, as buyers take advantage of a recent market correction to re-enter the trading game. The attractive prices of listed companies, coupled with robust expectations for the financial figures in 2025, provide a solid background for the market's recovery, although this does not indicate the complete elimination of volatility. On the third session of the week, the General Index recorded a significant increase of 1.90%, reaching 2,295.90 points and gaining approximately 43 points from Tuesday's close.
Specifically, the daily fluctuations of the index extended to 26 points, ranging from 2,273.57 to 2,299.76 points, with the transaction turnover hovering around €131.1 million, of which €10.9 million pertained to pre-agreed packages. Notably, Alpha Bank halted its seven-day downward trend, while Cyprus Bank surged by over 2%. This performance reflects broader market sentiments as investors respond to improved conditions and prospects for growth, potentially indicating a shift in the economic landscape.
Overall, the renewed interest in Athens' stock exchange suggests that investors are becoming more optimistic about future financial performance, particularly as they weigh the impact of upcoming economic metrics. However, market participants remain cautious, aware that fluctuations could still persist in the face of economic indicators and external influences.