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Lost 1,400 points, but gained the month | TheGreekDeal.com
Athens Stock Exchange
Lost 1,400 points, but gained the month
The Athens Stock Exchange lost the "battle" to defend the 1,400 points and the moving average of the last 200 days, with sellers dragging the market to lower levels.
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The Athens Stock Exchange lost the "battle" to defend the 1,400 points and the moving average of the last 200 days, with sellers dragging the market to lower levels.

This development confirmed the intense volatility and prolonged weakness that characterize Greek equities, at the same time that investors continue to ignore strong fundamentals and attractive valuations.

Specifically, in the 5th session of the week, the General Index declined by 0.74% and reached a daily low of 1,393.49 points, losing about 10.5 points compared to Thursday's close (1,403.83 points).

The arc of daily fluctuations was fixed at 13 points (from 1,393.49 to 1,406.43 points), with a turnover of 95 million euros, of which 7.2 million euros were pre-agreed packages.  

The banking index extended the picture of weakness of recent weeks, which has affected the entire market, as it ended today at -1.14% and 1,149 points, at least 15 percentage points away from this year's "peaks"

NBG's shares were down -2.11% at EUR 6.666, Alpha followed at -0.88% and EUR 1.4665, Eurobank's shares traded at -0.50% and EUR 2.00, while Piraeus' shares fell -0.77% and EUR 3.465.

In the high-cap index (-0.87% and 3,356 points), Coca Cola's share folded by 2.1% and "fell" below 34 euros, with Hellaktor's share putting a "brake" on the upward reaction and retreating by at least 2%. The shares of AIA, PPC, Aegean and Viohalco were also down by 1%. On the flip side, shares of ELVALHALKOR and Lamda gained 1.6% and 1.7%, respectively. 

As for the mid-cap index (-0.36% and 2,245 points), the shares of EXAE stood out negatively at -1.9% and 4.3 euros, with the shares of Intracom and Intralot following at -0.7%, while the latter failed to impress investors with its 9-month financials. Conversely, EYATH shares expanded +1.2% and EUR 3.1, while shares of Fourlis, Profile and Thrace Plastics rose +1.0% to 1.7%.

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