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Athens Stock Exchange
Dominated by volatility
The Athens Stock Exchange is experiencing volatility today (4/6) as buyers are finding it difficult to maintain control and sustain yesterday's positive reaction.
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Volatility is observed today (4/6) on the Athens Stock Exchange, while buyers are struggling to hold the reins and continue yesterday's upward reaction.

As a result, the Greek market is still below the technical limit of 1,450 points and is clearly suffering from the stagnation abroad where everyone is paying attention to the upcoming ECB meeting.

At the same time, domestically, the Q1 corporate results and the successive business deals seem to have been temporarily put on the sidelines, due to the upcoming dividend cuts.

The arc of daily fluctuations extends over three points (from 1,443.65 to 1,446.42 points), with the turnover of transactions ranging at 7 million.

On the board, bank shares are down by up to 1%, with Piraeus and Alpha Bank attracting the most interest. On the other hand, Mytilineos is up 1% and returns to 37 euros, pending the annual general meeting.

The banking index is under controlled pressure, with the result that it is down -0.48% and 1,258 points.

Piraeus shares are down -1.16% and EUR 3.655, Alpha Bank shares, which is going public with a EUR 500 million bond, are down -0.86% and EUR 1.568, National Bank shares are trading -0.64% and EUR 8.048, and Eurobank shares, which announced a public offer to Hellenic Bank of Cyprus, are unchanged at EUR 2.045.

In the high-cap index (-0.13% and 3,492 points), Mytilineos shares recover 37 euros, as today, among other things, the approval of this year's dividend is expected. OTE's share also gains 1%, while Sarantis' share climbs more than 2%. On the other hand, OPAP's share slides -1% to €14.7, with PPC and EYDAP shares following at -0.8%.

As for the mid-cap index (+0.22% and 2,354 points), Intracom Holdings' shares stand out at +1.9% and 3.7 euros. Fourlis, PPA and Thrace Plastics follow with an increase of up to 0.6%. In contrast, ABAX shares are heading for their 11th consecutive downward session, showing losses of 0.5%. Lavipharm, at the same time, folds up by 1%.

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