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Sellers take the lead early on | TheGreekDeal.com
Athens Stock Exchange
Sellers take the lead early on
The Athens Stock Exchange is still experiencing volatility, as dividend reductions have an impact on investor mood and keep sellers in control for the third straight session.
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Volatility continues on the Athens Stock Exchange, with dividend cuts affecting investor sentiment and keeping sellers in the driver's seat for the third consecutive session.

The important thing for the General Index is the defense of the 1,400 support, which is the key buffer before the average of the last 200 days (1,339).

However, the Greek market seems to have run out of fuel, and this is making it noticeably difficult for it to move towards the 1,460-point resistance, which has been missing since the end of May.

More specifically, the General Index is down slightly by 0.34% to 1,415.30 points, losing about five points compared to Tuesday's close (1,420.06 points).

The arc of the daily fluctuations extends five points (from 1,414.25 to 1,419.75 points), with the turnover of the transactions ranging at 6 million in the first 20 minutes.

The banking index, which is 9% away from this year's highs, is trying to stabilize at current levels, and as a result is at +0.15% and 1,229 points.

Piraeus shares are unchanged at 3.37 euros, Ethnikis shares retract -0.28% and 7.798 euros, Alpha Bank shares trade -0.85% and 1.4615 euros, while Eurobank shares expand +0.56% and 2.14 euros.

In the high-cap index (-0.36% and 3,430 points), Metlen's shares retreat to -3% and 35.1 euros, while Motor Oil's shares tumble to -4.3% and 24 euros. Beyond that, PPC shares lose 1.5%. On the contrary, Aegean's shares are up +1% and 11.1 euros. Hellaktor and OTE, on the other hand, rise around +1.5%, with the latter reaching 14 euros.

As for the mid-cap index (-0.23% and 2,277 points), Intralot's shares continue in positive territory and reach 1.16 euros (+1.2%). Profile's share follows at +0.9% and 4.59 euros. On the flip side, the legal defeat on the Lebanon project pushes AVAX shares down -3%. The shares of Techniki Olympiaki are also down by 1.6%.

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