More specifically, the General Index gained 10.43% for 2021 with the total value of shares increasing by 12.2227 billion euros, to 66.092 billion euros.
The average daily value of transactions increased in 2021 by 10% compared to 2020, an increase which is due in large part to the large share capital increases of PPC, Piraeus and Alpha Bank.
While in 2020 listed companies raised just 1.19 billion euros from the Athens Stock Exchange, in 2021, through capital increases and corporate bond issues, they raised 7.9 billion euros, which is the highest in the last five years.
Of the major issues, we note the capital increase of 2.36 billion euros of Piraeus (CoCos conversion) and the capital increase with private placement of 1.38 billion euros, as well as the capital increase of 1.35 billion euros of PPC , as well as the corresponding 800 million euros of Alpha Bank.
5 new issues of corporate bonds were featured, namely, Motor Oil with 200 million euros, Prodea REIC with 300 million euros, Costamare with 100 million euros and CPLP Shipping Holding with 150 million euros and ElvalHalcor with 250 million euros.
Despite the pressure from the pandemic and the weak start of the year, the listed companies have achieved by the nine months the total return to their profits and activity, the country's GDP in the third quarter had the largest positive percentage change in Europe with the help of Tourism that exceeded initial estimates.
In the first four months of the year, after the initial record low in the meeting of January 27 (743.49 points), the market, with the help of the significant improvement of the climate in the international markets, moved above the level of 900 points. Then, from the beginning of May until the end of the year, the fluctuation of the General Index was limited to a range of 100 points and moved between 830-930 points, recording a higher price of the year at 929.26 points at the meeting of August 30.
Some analysts express their concern about the inability of the market to react dynamically to the number of positive assessments for the Greek economy and the stock market, which have been published recently.
International companies emphasize that the Greek GDP had fully recovered from the shock of the pandemic, after the dynamic recovery of the second quarter, and this leads them to a significant upgrade of its estimates for this year. The high growth rate did not manage to lead the stock market to higher levels, which is lagging behind the profit rate compared to the international markets.
The course of the main Greek indeces
The index of high capitalization closed in 2021 with an increase of 11.07%, while the index of medium capitalization increased by 34.72%.
The banking index recorded annual profits of 10.78%, after losses of 41.37% in 2020.
Of the sub-indices, the largest increase in 2021 was recorded by the IT-IT index with high gains of 96.54%.
The indices of Industrial Products (+ 27.23%), Telecommunications (+ 24.73%), Health (+ 24.66%), Oil (+ 16.15%), Food also closed with high gains. (+ 14.64%) and Travel (+ 13.31%).
On the contrary, the indices of Raw Materials (-5.59%), Financial Services (-1.95%) and Trade (-0.71%) closed with losses.
Market's winners and loosers
The biggest increase was recorded by the shares of:
Intralot (+ 354.84%), Epsilon Net (+ 342.74%), Bitros (+ 295.60%), SIDMA (+ 282.61%), Dionic (+172.73 %), Medicon (+ 156.84%), Entersoft (+ 111.54%), Unibios (+ 110.53%), Intracom (+ 105.25%), SATO (+ 105.13%) and Minerva ( + 101.26%).
On the contrary, the biggest losses were recorded by the shares of:
Piraeus (-93.99%), Attica Bank (-83.50%), Kekrops (-39.24%), Euroxx (-33.00%), ANEK (-30 , 00%), Flexopack (-26.06%), Varangis (-25.00%), Dromeas (-22.89%), Mermeren (-17.79%) and Nikas (-16.79%).
