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Marginal changes, despite the rally in Motor Oil stock | TheGreekDeal.com
Athens Stock Exchange
Marginal changes, despite the rally in Motor Oil stock
The Athens Stock Exchange's positive reaction from yesterday is in jeopardy since buyers appear to be giving in to anxiety once more and are not able to make up the ground they lost.
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Yesterday's upward reaction on the Athens Stock Exchange is in danger of being lost, as buyers seem to be succumbing to nervousness again, unable to recover the lost ground.

Somehow, the Greek market remains a short distance from the 1,400 supports, about 5.5% away from this year's peaks of 1,502 (close 20/5).

More specifically, in today's session, the General Index is up a subtle +0.08% to 1,423.56 points, gaining just one point compared to Tuesday's close (1,422.32 points).

The arc of daily fluctuations extends over eight points (from 1,420.37 to 1,428.71 points), with a turnover of 41 million euros, of which 8.2 million euros are pre-agreed packages.

On the board, Motor Oil is now jumping 4%, thanks to the approval of the dividend (1.4 euros/share) and the promising outlook for profitability in 2024. Beyond that, Terna Energy returns to 19 euros (+1%), while Alpha Bank and Mytilineos lose 1% each.

The banking index struggles to follow up on yesterday's reaction, and as a result is at -0.04% and 1,251 points, about 8% off this year's highs.

Alpha Bank's shares are limited to -1.16% and EUR 1.53, Piraeus' shares retract to -0.22% and EUR 3.557, Eurobank's shares are unchanged at EUR 2.056, while National Bank's shares are up +0.49% and EUR 8.14.

In the high-cap index (-0.05% and 3,445 points), Motor Oil's shares soar by 4% and return above 25 euros. The shares of Hellaktor also rise by at least 2.8%, which continues to rise, while the shares of Quest, Terna Energy and GEK Terna are up more than 1%. On the other hand, Mytilineos' shares retreat by 1.1%, with Titan Cement and Autohellas losing around 1.5%.

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