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New upward move targeting 1,500 points | TheGreekDeal.com
Athens Stock Exchange
New upward move targeting 1,500 points
The Athens Stock Exchange is making a new attempt to exceed 1,500 points, with buyers having sufficient energy stocks, which help to maintain the 13-year highs.
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The Athens Stock Exchange is making a new attempt to exceed 1,500 points, with buyers having sufficient energy stocks, which help to maintain the 13-year highs.

It is recalled that a similar move was recorded on Friday, but the intraday conquest of the psychological limit triggered a wave of volatility, which resulted in a retracement at 1,490 points.

In any case, the Greek market is sustaining the ongoing upward movement, which has led to returns of over 15% through 2024 and which has pushed valuations of many listed companies to record levels.

More specifically, in today's session, the General Index is up mildly by 0.73% to 1,501.39 points, gaining about 11 points compared to Friday's close (1,490.46 points).

The arc of daily fluctuations extends to six points (from 1,495.66 to 1,501.61 points), with the turnover of transactions ranging at 5 million.

On the board, now, banks continue to rise, with Eurobank, Alpha Bank and Piraeus standing out at around +2%. Jumbo, PPC and OPAP follow by more than 1%, while Aegean's shares are down 5.3% due to the dividend cut.

The banking index leads today's upward movement, climbing +1.40% to 1,341 points, hitting a new 8-year high.

In the large-cap index (+0.94% and 3,655 points), PPC shares are up 1.9% and exceed 12 euros, pending the quarterly figures. Shares of Sarantis, OPAP, Lamda Development and Jumbo also show gains of more than 1%. On the other hand, Aegean's share shrinks by 5% and retreats to 12.4 euros, as it is trading without dividend rights as of today.

As for the mid-cap index (+).49% and 2,412 points), Alumyl's share stands out positively at +3.4% and 2.89 euros, followed by Lavipharm's share at +2% and 0.99 euros. Shares of Intralot, AVAX and Premia rise by more than 1%.

 

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