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Athens Stock Exchange
Under pressure again
With sellers in complete control of the board, the Athens Stock Exchange is seeing fresh pressure, pushing the General Index in the direction of the 1,420 support levels.
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The Athens Stock Exchange is under renewed pressure, with sellers fully controlling the board, leading the General Index towards the 1,420 support levels.

At the same time, the government reshuffle does not seem to change the balance significantly, failing to set up dikes in the ongoing liquidations.

Against this backdrop, in today's session, the General Index declined significantly by 1.10% to 1,422.60 points, losing almost 16 points compared to Thursday's close (1,438.44 points).

The banking index shows significant losses at -1.81% and 1,262 points, digesting recent 8-year highs (1,349 points) ahead of the distribution of the first dividends.

Piraeus shares are down -3.51% and 3.628 euros, Alpha Bank shares are down -3.06% and 1.568 euros, Eurobank shares are trading -0.70% and 2.133 euros; and National Bank shares are down -1.05% and 7.894 euros.

In the high-cap index (-1.10% and 3,458 points), Motor Oil's shares tumble by 2% and "fall" below 25 euros, with PPC shares losing 1.5% and moving away from 11 euros. Shares of Elvalhalcor, Viohalco, Titan Cement, and Cenergy also show losses of 2%, while a decline of more than 1% is determined for the shares of Autohellas, Aegean, and Hellaktor. It is indicative that only OPAP's shares escape the downward wave, remaining unchanged at 14.9 euros.

As for the mid-cap index (-1.04% and 2,264 points), Intrakat's shares are down 1.8% and fall below 5 euros. The shares of Austriacard, Ideal, Labipharm, Premia, ABAX and EYATH fold by 2%. At the same time, the shares of EXAE, Profile, Alumyl, and Fourlis fell by more than 1%.

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