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Calm reaction after yesterday's European Election results | TheGreekDeal.com
Athens Stock Exchange
Calm reaction after yesterday's European Election results
The Athens Stock Exchange responded calmly to the Euro-ballot outcome that was announced last night. Buyers erased the sellers' morning lead and achieved an unexpected (marginal) victory, securing the fourth consecutive upward session.
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The reaction of the Athens Stock Exchange to last night's Euro-ballot result proved to be calm, with buyers erasing the sellers' morning lead and achieving an unsurprising (marginal) victory, securing the 4th consecutive upward session.

More specifically, in the first session of the week, the General Index posted a subtle increase of 0.03% to 1,458.84 points, gaining half a point compared to Friday's close (1,458.37 points).

The arc of daily fluctuations was fixed at 21 points (from 1,440.91 to 1,461.76 points), with the turnover of transactions ranging at 78 million euros, of which 2.3 million euros were pre-agreed packages.

On the board, Eurobank has now made a resounding comeback, climbing +3% and hitting a new 8.5-year high. Positive to +1% was also the sign for Terna Energy - National Bank. On the other hand, Mytilineos, Jumbo and Motor Oil slipped more than 1%.

The banking index, despite the significant losses in the morning (-1.5%), managed to fully reverse the situation, ending up +1.22% and 1,311 points.

Eurobank shares climbed +3.00% and 1.623 euros, National Bank shares gained +0.80% and 8.33 euros, Piraeus shares closed +0.39% and 3.825 euros; and Alpha Bank shares were almost unchanged at 1.623 euros.

In the high-cap index (+0.15% and 3,546 points), Jumbo shares slipped -1.6% and 27 euros, with Motor Oil and Hellaktor shares losing at least 1.5%. Mytilineos, Aegean, Coca - Cola and Cenergy folded around 1%. On the other hand, expectations of a sale of a majority stake helped Terna Energy's shares increase by 0.9%. GEK TERNA also gained 0.6%, while Lamda Development's shares expanded by 1.5%.

As for the mid-cap index (-0.20% and 2,321 points), Intralot's shares stood out negatively at -1.5% and EUR 1.14, with shares of Alumyl and Techniki Olympiaki showing an equal decline.  In contrast, shares of EVAP climbed +2% and EUR 3.16, while shares of Thrace Plastics, HKE and AustriaCard expanded by 0.8%. A special mention should be made of Intrakat, which, despite being below EUR 5 intraday, eventually absorbed the pressure and gained 0.2%.

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