Athens Stock Exchange nears record highs – Buyers take the lead at the finish line

Greek stocks continued their beardown run, holding steadfast adjacent multi-year highs contempt a volatile league marked by changeless marketplace swings. Investors managed to support the benchmark scale astatine its highest level successful 14 years (since March 2011), closing conscionable shy of the 1,630-point milestone. Despite planetary marketplace turbulence, peculiarly successful Wall Street, Athens demonstrated singular resilience.

Market Recap: A Tight Battle, But Buyers Prevail

On Monday, March 10, the General Index edged up by 0.04 percent to adjacent astatine 1,627.94 points, marking a 2nd consecutive time of gains. The league saw crisp fluctuations, with the scale moving betwixt 1,619.42 (day low) and 1,632.51 (day high). Year-to-date, the scale has gained 10.77 percent, lasting conscionable 0.15 percent beneath its 14-year record.

Trading measurement remained elevated, exceeding 220 cardinal euros, with artifact trades accounting for implicit 25 cardinal euros.

Banks successful the Spotlight: Mixed Performance, But National Bank Leads

• Eurobank fell by 2.61 percent, closing astatine 2.425 euros.
• Alpha Bank declined 1.36 percent to 2.024 euros.
• National Bank of Greece (NBG) roseate 1.28 percent, reaching a nine-year precocious of 9.50 euros, a level past seen successful November 2015.
• Piraeus Bank gained 1.7 percent, closing astatine 4.78 euros, adjacent multi-year highs.

Among blue-chip stocks, Jumbo posted beardown gains, portion Titan faced selling pressure.

Turnover Reaches New Highs – Buyers and Sellers successful Fierce Battle

The banking scale dipped somewhat by 0.15 percent, closing astatine 1,538.42 points.
The FTSE 25 (large-cap index) accrued by 0.04 percent to 3,998.94 points, portion the Mid Cap Index roseate marginally by 0.01 percent to 2,470.49 points.
Total marketplace capitalization present stands astatine 113.99 cardinal euros.

Stock show breakdown:

• 43 stocks closed higher
• 65 stocks declined
• 16 remained unchanged

DBRS Upgrade – A Signal for Moody’s?

The Greek marketplace continues to summation momentum pursuing a caller recognition standing upgrade from DBRS, which lifted Greece to BBB with a unchangeable outlook. This places the state 1 notch supra concern grade.

Now, each attraction turns to Moody’s, acceptable to denote its determination connected Friday, March 14. If Moody’s upgrades Greece from Ba1 to Baa3, the state volition officially regain afloat investment-grade status, a large milestone for the economy.

What’s Next? Earnings Season Kicks Off

Attica Bank is acceptable to study full-year 2024 net today.
Dimand is releasing a flash update connected its yearly performance.
On March 12, Sarantis and Autohellas volition people results.
On March 19, OPAP is expected to marque cardinal announcements.

Global Markets: Wall Street and Europe successful Deep Red

Wall Street recorded its worst week successful 7 months, with the Nasdaq plunging much than 3 percent and officially entering correction territory. The sell-off intensified today, with the S&P 500 down 2 percent and the Nasdaq losing different 3.5 percent.

European markets are besides nether pressure:

• The Stoxx 600 is down 1 percent
• Germany’s DAX is down 1.5 percent

Asian markets showed mixed results, with Chinese indices facing losses portion Japan’s Nikkei closed higher.

With Moody’s upcoming determination and net play heating up, the Athens marketplace remains successful focus. Will it yet interruption its 14-year record?