Markets soar in view of bonds exchange

Equity markets “celebrated” today the upwards trend in Athens and Europe, because of the hopes of the Greek bonds exchange. European markets are on the rise, more than 1% in France – Germany, while the euro is at $1.3233.

Literally, however, it is hope rather than reality.

Because the harsh reality is unemployment in Europe, debt and oil prices. The harsh reality that all those who did not accept the Greek state’s offer will have to face. They will not get money, and all those who said they were merely present will have to content themselves with the meeting of moral obligations, as Mr. Venizelos stated.

The next few days for the Greek stock market are expected to be ambiguous: Banks want to pick up the shares for capital increases, but at the same time, we will be having elections.

In Athens, the General Index closed at 768.20 points, recording an increase of 3.18%. The National Bank’s share was stable for another meeting, closing at 2.59 euros by recording 3.60% gains. A profit of 7.67% for Coca-Cola, which supported the index. A 5.16% rise for Alpha Bank and 3.45% for Eurobank. A 4.26% rise for Viohalco, 3.02% for Mitilinaios and 3.60% for OPAP. A 1.32% rise for OTE and 2.15% for PostBank.

In contrast, there was a drop in Cypriot shares, with the Bank of Cyprus losing 0.75%, Marfin Popular losing 0.66% and MIG dropping by 0.66%, Piraeus Bank was down by 0.21% and a 1.23% drop for Titan.

Total transactions reached 63.5 million.