The Greek stock market appears to be “resisting” international pressures as Donald Trump‘s sweeping tariffs escalate the trade war, triggering a global sell-off in markets. Although initially retreating even below 1,680 points, the General Index recovered to 1,700 points, now “flirting” with its third consecutive rise.

Specifically, in Thursday’s session (3/4, 11:50 am), the GC marginally strengthened by +0.02% to 1,709.19 points, having moved in a wide range between 1,679.23 (low of the day) and 1,712.13 points (high of the day). Coca Cola stands out with gains of over +1%, heading towards a new all-time high. ADMIE is up close to +2%, also moving to record levels. “Jump” of almost +5% for Profile, in the wake of the ambitious plan presented by the management of the listed company to analysts.

April 2 is of historic importance as it radically changes global trade under the “stamp” of Donald Trump, through the aggressive and extensive retaliatory tariff program he has put in place. At the same time, he announced additional targeted measures on some 60 countries that run large trade surpluses with the US.

Domestically, the focus is on Motor Oil today, due to the results it announced yesterday after the close of trading. Adjusted EBITDA for the second quarter amounted to €173 million, resulting in a full year 2024 adjusted EBITDA of €994 million. Adjusted net income for the second quarter was EUR 44 million (EUR 504 million for the full year), with management recommending a final dividend of EUR 1.1/share (5% yield), bringing the total dividend for 2024 to EUR 1.4/share.

“Going forward, outperformance/maintaining the domestic trend will require ‘opening the fan’ and more active participation of notable non-banking securities, which have issued excellent results and justify a comfortable dividend payment but continue to avoid the ‘spotlight’,” says Petros Steriotis in his weekly commentary on the Athens Exchange.

At the same time, “the next economic and SA ratings are imminent, which … will tell us what we have already understood, namely that the macro and board picture has improved and that the outlook remains supportive going forward,” the portfolio manager and member of the International Federation of Technical Analysts adds, among other things.