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Completed its 4th consecutive upward session | TheGreekDeal.com
Athens Stock Exchange
Completed its 4th consecutive upward session
The Athens Stock Exchange completed its 4th consecutive upward session, which continues to fly high, boosted by the banks on the one hand and the new records in Frankfurt on the other.
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The Athens Stock Exchange completed its 4th consecutive upward session, which continues to fly high, boosted by the banks on the one hand and the new records in Frankfurt on the other.

The Greek market, with this "breakout" of the last few days, not only raised the cumulative gains of the week to +4.4% but also managed to break through the resistance of 1,450 points, which is the intermediate "station" before the big target of 1,502 points.

It was also crucial that Athens found a number of allies in today's move, as, in addition to the banks, other blue chips offered invaluable assistance, capitalizing on the board's continued attractive valuations.

Specifically, in the 4th session of the week, the General Index recorded a remarkable +1.32% increase to 1,455.81 points, gaining 19 points compared to Wednesday's close (1,436.79 points).

The arc of daily fluctuations was fixed at 18 points (from 1,439.48 to 1,457.46 points), with a turnover of 181 million euros, of which 34.1 million euros related to pre-agreed packages.

The banking index remained in the focus of buyers as it finished +2.30% and at 1,273 points, continuing to "trim" (just 6%) the distance from this year's highs of 1,354 points.

ΝΒG's shares climbed +3.75% and 7.47 euros, Alpha shares followed at +3.69% and 1.631 euros, Eurobank shares closed +0.96% and 2.22 euros, while Piraeus shares rose +0.93% and 3.815 euros.

A special mention should be made of Attika Bank, which soared +9.7% and EUR 0.65, continuing yesterday's +10%, following the listing of the last shares resulting from the EUR 735 million AMK. As a result, the bank's valuation exceeded EUR 1 billion. 

In the high-cap index (+1.56% and 3,545 points), Metlen's shares rose +3.2% and EUR 32.1 in an attempt to break away from recent year lows. Aegean shares also finished +2.8%, returning above 10 euros, while AIA, PPC and OPAP shares rose 2%. At the same time, shares of Autohellas, Lamda, Viohalco and OTE expanded by around +1%. On the flip side, EYDAP's share price narrowed to -1% and EUR 5.9, with Helleniq Energy's share price following at -0.7% and EUR 7.

As for the midcap index (+1.07% and 2,297 points), Kri Kri's shares stood out again at +1.6% and 15.3 euros, climbing to a new all-time high and taking another step towards the 500 million euro valuation. Intracom achieved an impressive 8% jump, with shares of Lavipharm climbing +3.9% and +6.3%, respectively. Fourlis, Quest, AVAX, Intralot and Optima followed between +1% and +2%. On the other hand, shares of PPA and Thrace Plastics retreated -0.8% and -1.2%, respectively.

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