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The TERNA deal sustains the bullish reaction | TheGreekDeal.com
Athens Stock Exchange
The TERNA deal sustains the bullish reaction
As the General Index surpasses 1,430 points once more, the Athens Stock Exchange is attempting to maintain its positive trend, which provides the foundation for the third straight upward session.
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The Athens Stock Exchange is trying to keep the positive sign, which sets the basis for the 3rd consecutive upward session, while the General Index exceeds again the 1,430 points.

The news of the day is undoubtedly the big deal in Terna Energy for 67% of the share capital (20 euros/share), while the intention of Arab Masdar to make a public offer to the remaining shareholders is estimated to flood the market with additional liquidity, which will partially return to the stock exchange.

Beyond that, Athens Avenue is also awaiting MSCI's verdict on whether or not to include the Exchange in a watch list, with the ultimate goal of upgrading to developed markets.

With all this in mind, in today's session, the General Index is up mildly by 0.56% to 1,434.16 points, gaining about eight points compared to Wednesday's close (1,426.20 points).

The arc of daily fluctuations extends to five points (from 1,429.85 to 1,434.66 points), with trading turnover hovering around 10 million euros in the first 20 minutes.

The banking index continues to rise for the 3rd consecutive session, up +0.91% and 1,272 points, about 5.5% away from this year's peaks.

Eurobank's shares are up +1.44% and €2.117, National Bank's shares expand +1.17% and €8.288, Alpha Bank's shares trade +0.45% and €1.551, while Piraeus' shares follow at +0.20% and €3.57.

In the high-cap index (+0.70% and 3,479 points), GEK TERNA's shares soar +1.9% and 16.9 euros, heading towards a new 24-year high. Terna Energy shares also show gains of 1%, climbing to 19.3 euros. PPC, Viohalco, Jumbo and Autohellas, meanwhile, are up at least 1%. On the flip side, Motor Oil's shares retreat by 1.3% and Helleniq Energy's by 0.5%, as a result of the refining tax.

As for the mid-cap index (+0.37% and 2,283 points), Lavipharm's shares stand out positively at +2% and EUR 0.87, with shares of EXAE, Profile and Fourlis expanding by at least 1%. In contrast, shares of ADMIE are limited to -0.9% and 2.20 euros. A special mention should be made of Q&R, whose shares are reacting at +8.7% amid a shift by major shareholders towards the option of issuing a bond instead of a bond issue

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