Although the Athens Stock Exchange still remains far from its recent highs, its weekly gains of +1.9% appear to have improved investor sentiment.
And this is largely due to the selective support of High Capitalization shares in the national market.
Which ones stood out?
The PPC is among the main “protagonists” of these days, as it managed to return above 12 euros, closing the distance from this year’s highs (and 10-year highs) of 12.5 euros. The week’s variation is estimated at +4.3%, which brought the valuation closer to 4.7 billion euros.
Autohellas gained 6.6%, recovering to 11 euros, in an attempt to break out of recent lows of 10.3 euros.
Having five consecutive “green” sessions, Alpha Bank shares seem to be finding… rhythm again, gaining +4.7% and returning above 1.5 euros. It is clear that underperformance in relation to the rest of the banks remains at high levels.
Remaining in the same sector, the Piraeus share presents an accumulated increase of 4.3%. However, it needs more “fuel” to break the strong resistance of 4 euros.
As for Eurobank, it recorded weekly gains of 3.4%.
Special mention goes to Aegean Airlines, whose share was previously at the lowest level in the last 12 months (10 euros). This week’s +5.1% is undoubtedly a good starting point for the listed company… to wake up and recover lost ground.
Additionally, gains of 3%-3.5% were recorded by Metlen, ELVALHALCOR and Coca-Cola.