Stock Market: Making a 6″ x 6″ Championship Medium Caps

Wall Street may be closed today for Independence Day, however Buyers pushed through selective positions the stock market closer to 1,300 pointswhich is more than a psychological limit, since then The critical level is 1,379.42 units marked by insider.gr This changes the big picture of the market on a massive scale.

Banks may have some controlled profit booking in today’s session, but the wide spread of long interest has sent AXA to 9-year highs, and the best is yet to come. In particular, medium hats are beginning to find their lost luster, With HEXA, Intrakat and AVAX taking off and IT companies continuing their relentless upward climb.

AXIA position indicative. As noted, following the outcome and outcome of the electoral competition with the dominance of the New Democracy Party, Governor of the Bank of Greece, Yiannis Stournaras He stated in an interview with Bloomberg, that he is “very optimistic” about that Greece will restore investment rank “in a few weeks, if not in a few days.”

This statement surprised the market, according to AXIA Analysts analyzed – in light of this statement – and gauged the potential upward movement of the market from the investment grade recovery onwards, The passage of the Athens Stock Exchange on the “map” of developed markets.

AXIA aims to: a) Distinguish the differences between investment grade and developed market upgrades, in terms of time horizon and materiality; B) To illustrate the three stages of inflows of funds into Greek stocks, the first stage of which is related to “flexible funds”, i.e. funds with more flexibility of moves that can be pre-positioned for any promotions, and the second stage is related to active funds, with restrictions in positions about economies that do not have investment grade (majority of active funds) and the third is about ‘passive’ and ‘active minority’ funds that require advanced market status and c) To examine the structure of the global Money Management Market (Active Management vs. Passive Management);

In addition, JP Morgan followed suit today. Today the US House proceeded to upgrade their recommendations to “Overweight” from “neutral” Greek stockseven put its share Alpha Bank in Its top ten picks in Central and Eastern Europe, the Middle East and Africa (CEEEMEA).

The strong investment house believes there is room for another house Reclassification of Greek shares after the election result and the dominance of New Democracy and in light of this, the above promotion is proceeding. As he points out, the local market is trading at a very high level discount for 49% compared to emerging markets on a P/E basis for the next twelve months, while the ten-year domestic yield is 40 basis points lower than its Italian counterpart. At the same time, equity ratios in Greek banks are higher than in European banks of Stoxx banks.

At the same time, Eurobank Equities gave a higher price target for Aegean stock at €13.9, which means 5.6 times 2024 in terms of EV/EBITDAR index.

Back on the board, despite Wall Street’s abstention and moderate profit-taking recorded in Europe, the market continued to rally, with Middle cover to access the driver’s seat.

In the banks, there was moderate profit-taking, while now these moves are made with a lot of risk because any move to lock in profits can leave investors out and cause them to chase much higher levels. The trend remains very strong and any correction is a buy.

On the board, the general index made 6×6 bullish closes and reached a psychological limit of 1300 points. Thus, it closed up 0.55% to 1,299.78 units with a sales volume of 77.5 million euros, including packaging amounting to 7.84 million euros. The FTSE 25 rose 0.20% to 3,142.35, while average capital gained 2.23%, to 2,065.25. The Bank closed slightly lower at 1027.59 points, and gained strength for a new high.

In banking, Piraeus (-1.29%), NGE (-0.95%) and Alpha Bank (-0.33%) closed on a negative note, with Eurobank distinguishing itself today, closing with a 1.31% gain at €1,551.

However, as we expected, the interruption in buying from banks brought inflows to other securities, namely to ElvalHalcor that reached 2.10 euros with a gain of 3.7%, to Lamda that crossed the threshold of 7 euros, to 7.335 euros, but also to heavy papers. From GEK TERNA, Jumbo (new historic highs) and the Aegean Sea (1.79% to €11.40).

Of course, marches came from other places today, such as He has It jumped 6.06% to 5.60 euros with Interrates by 5.21% and 2.525 euros and afax by 9.83% and 1.386 euros.

Also strong rise to Entersoft at 5.10% and 5.36 euros but also for ideal 5.86% and 5.42 euros. EYATH, Kri Kri and ADMIE followed suit.