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Pressure intensifies with the focus on Mytilineos | TheGreekDeal.com
Athens Stock Exchange
Pressure intensifies with the focus on Mytilineos
Athens Stock Exchange is in negative territory for the second day, having to manage the regression of Mytilineos towards the placement price.
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For the second day, the Athens Stock Exchange continues to assimilate its gains, as the recent climb to 1,500 points triggers a controlled wave of liquidations.

Of course, this development is considered entirely expected and normal, given that this year's market performance reaches the +16% range, which forces investors to lock in profits.

More specifically, in today's session, the General Index is down mildly by 0.87% to 1,483.33 points, losing 13 points compared to Tuesday's close (1,496.35 points).

The banking index, similar to the rest of the market, continues its controlled downward trend for the second consecutive day, resulting in a -1.06% drop to 1,320 points.

Alpha Bank's share is limited to -1.95% and 1.7335 euros, Piraeus' share is folded to -1.27% and 3.795 euros, Eurobank's share shrinks to -1.03% and 2.11 euros; and National Bank's share trades at -0.59% and 8.40 euros.

In the high-cap index (-1.17% and 3,599 points), Mytilineos' share retreats -4.5% and 37.1 euros, negatively affecting the whole board. Autohellas, Helleniq Energy, Sarantis, Hellaktor, and EYDAP shares also show losses of 2%. At the same time, shares of Terna Energy, OTE, OPAP, PPC, GEK Terna, Aegean and Viohalco are losing at least 1%. In contrast, Motor Oil's shares are up 2.7% and return near the record high of 28 euros.

As for the mid-cap index (-0.51% and 2,389 points), Fourlis shares stand out negatively at -1.7% and 4.1 euros, as quarterly figures did not excite investors. Shares of Intrakat, Lavipharm, EXAE, Austriacard, and Techniki Olympiaki are also down more than 1%. On the flip side, shares of Alumyl and Premia widened by around 1.5%, with Ideal's shares following at +1%.

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