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Folding towards the 1,450 points | TheGreekDeal.com
Athens Stock Exchange
Folding towards the 1,450 points
The Athens Stock Exchange is still experiencing liquidations as investors consolidate a portion of the year's substantial gains. As a result, the General Index is currently trading below the first supports, or 1,450 points, on the index.
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Liquidations continue on the Athens Stock Exchange, with investors consolidating part of this year's large gains, which leads the General Index below the first supports (1,467 points), i.e. in the area of 1,450 points.

With the sentiment abroad not being the best possible, sellers choose to pick up the pace , with the result that the Greek market digests the recent 13-year highs (1,502 points), succumbing to the downward movement in the short term.

All this in the shadow of the satisfactory fundamentals of the first quarter, but also of the new business deals, which maintain the "lively" investor interest .

More specifically, in today's session, the General Index is down significantly by 1.06% to 1,455.99 points, losing 15.5 points compared to Tuesday's close (1,471.63 points).

The arc of daily fluctuations extends 15 points (from 1,455.06 to 1,470.31 points), with a turnover of 35 million euros, of which 5.3 million euros are pre-agreed packages.

Alpha Bank shares retreat to -2.14% and EUR 1.644, Eurobank shares fall to -1.90% and EUR 2.06, National Bank shares trade at -1.72% and EUR 8.246, while Piraeus shares follow at -1.15% and EUR 3.707.

In the high-cap index (-1.04% and 3,535 points), Motor Oil's shares tumbled 2.8% and folded to 27.3 euros, as analysts were not impressed by the first quarter figures. OTE, PPC, Titan Cement, and Helleniq Energy shares also show losses of more than 1%. On the opposite side, Cenergy's shares are up 1.5%, while Quest's shares follow at +1%, for which a new takeover is rumored to be in the works, despite official denials.

As for the mid-cap index (-0.88% and 2,337 points), Intracom shares stand out at -4.6% and 3.66 euros, in the wake of the mega deal for the acquisition of Europa Insurance and also the merger plan of Intracom Properties and KLM Europe. Beyond that, shares of PPA, HKE, ADMIE and Austriacard are down 1% each, with Techniki Olympiani's shares shrinking by 2.5%. In contrast, Intralot's shares rise by 1%.

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