ASE banking shares soar

Like a racehorse, the ASE galloped today with peak yields for Alpha Bank and Eurobank.

For the ninth consecutive session, rising by over 5.09%, it left us room to think that it is linked not only to developments in the bond exchange program, but also to an unknown positive story.

Probably, the news relate to the banking sector and an agreement which the partners expect will procure a positive climate announcement.

Moreover, there is the example of last year’s rate of exchange announced in January before talks of a merger between National-Alpha Bank were announced.

The fact that the weekly returns for Alpha Bank and Eurobank reached 65% and 69.7% respectively, is characteristic.

Another characteristic is the fact that the phones in the ASE began to ring again…

The European stock markets also moved positively, making the euro climb up to $1.3034.

Finally, the General Index closed at 744.26 points, recording 5.09% gains.

The Index during the day also reached 745 units. Eurobank profits reached 22.77% and 15.64% for Alpha Bank. The National Bank rose by 10.5%, at 2.09 euros. Increase of over 10% for Piraeus Bank and Postbank.

Rise of over 4% for Coca-Cola, Ellaktor, MIG, Motor Oil, Mytilinaios and OPAP.

Gains over 1% for Cypriot banks.

Total trade reached 60.7 million euros.

At the same time, the international markets are moving on a positive trend with an increase of 0.7%-0.8% in Frankfurt and Paris and gains of over 1% in London and Madrid, and almost 2% in Milan.