The Athens Stock Exchange heads into its final trading session of January, on track to close the month with gains of about 10%.
The General Index managed to reach its highest levels since December 2009, confirming for the fifth consecutive year the power of the January Effect.
This year’s January performance equals that of 2023 (+10.0%) and is essentially the best since 2012, when the Greek market had skyrocketed by +16.9%.
The strong expectations of listed companies for profitability and dividends, the successive corporate deals, the positive narrative of the economy, the resilience of international markets, but above all the decision by MSCI to accelerate the procedures for upgrading Greece to Developed Markets, are some of the catalysts of the upward movement.
However, after the rally of the previous days, investors took part of the gains on Thursday, in the context of a rational profit taking.
In addition, according to a technical analysis, the Greek market has been at overbought levels for some time, which increases the risk of a corrective trend.
Για να εμφανίζονται περισσότερα άρθρα της Ναυτεμπορικής στις αναζητήσεις σας εύκολα και γρήγορα, πρέπει να προσθέσετε το site στις προτιμώμενες πηγές σας. Μπορείτε να το κάνετε πηγαίνοντας εδώ.
