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Dive to 2-month lows - Losses of 3.5% in the week | TheGreekDeal.com
Athens Stock Exchange
Dive to 2-month lows - Losses of 3.5% in the week
Today (14/6), the Athens Stock Exchange experienced its most challenging session since April. Sellers conducted extensive liquidations, which resulted in the 1,420-point support being breached and the 1,400-point level being reached.
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The Athens Stock Exchange recorded its worst session since April today (14/6), with sellers engaging in extensive liquidations, which shattered the supports of 1,420 points and brought 1,400 points to the gates.

Unable to self-regulate and unconcerned about the government reshuffle, the domestic market failed to put up resistance, moving further away from this year's highs of 1,502 points (-6.5%), ending a week with cumulative losses of 3.5%.

More specifically, during today's session, the General Index recorded a strong 2.19% decline to 1,406.91 points (low since 19/4), losing 31.5 points compared to Thursday's close (1,438.44 points).

The arc of daily fluctuations was fixed at 33 points (from 1,406.39 to 1,439.63 points), with a turnover of 127 million euros, of which 7.5 million euros related to pre-agreed packages.

The banking index suffered significant losses at -3.47% and 1,240 points, tumbling to its lowest level since April 22 and moving 8% away from 8-year highs (1,349 points).

Alpha Bank shares narrowed to -4.79% and EUR 1.54; Eurobank shares contracted to -4.70% and EUR 2.047; Piraeus shares ended -4.26% and EUR 3.60; and National Bank shares fell -1.10% and EUR 7.89.

In the high-cap index (-2.45% and 3,411 points), Motor Oil shares slipped 2.8% and "fell" to 5-month lows of 24.4 euros, with PPC shares losing 3.3% and moving away from 11 euros. Helleniq Energy, Jumbo, Quest, Aegean, Elvalhalcor, Ellaktor, EYDAP and Mytilineos also showed losses of 2%, while a decline of more than 3% was recorded for Viohalco and Titan Cement shares. Indicative of the downward wave was the fact that all blue chips closed in the red.

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