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Half-year profits at 8.6% despite 1.8% June losses | TheGreekDeal.com
Athens Stock Exchange
Half-year profits at 8.6% despite 1.8% June losses
On the Athens Exchange, window dressing movements were noted in the last session of the month, the second quarter, and the first half of the year. As a result, the General Index was able to successfully defend the 1,400 unit critical psychological support.
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Window dressing movements were observed in the last session of the month, the second quarter, and the first half of the year on the Athens Exchange, resulting in the General Index successfully defending the critical psychological support of 1,400 units.

Thus, despite the fact that June "left" with a loss of 1.8%, due to both the non-inclusion of the Stock Exchange in a watch list by MSCI and the generalized political uncertainty in France, the performance through 2024 remained at satisfactory levels, reaching +8.6%. And at the second quarter level, the change was negative by 1.2%.

For June, the Greek stock market fell by 1.93%. 

The FTSE high-cap index gained 0.31% to 3,401.83 points and its mid-cap counterpart recorded a gain of 0.78% to 2,248 points.

The banking index gained 0.31% to close at 1,213.4 points. In particular, Alpha Bank jumped 4.17% while Eurobank fell 1.41% and ETE lost 0.21%. Gains for Piraeus Bank which recorded a rise of 0.35

As for today's session, buyers managed to put the brakes on the 4-day downward streak, finding support in selected high-capitalization stocks and "breaking away" slightly from the two-month lows.

However, low investor visibility and Sunday's French polls did not allow for a meaningful upward escape, which kept the distance from this year's highs of 1,502 points at -6.5%.

More specifically, the General Index rose marginally by 0.27% to 1,404.26 points, gaining about four points compared to Thursday's close (1,400.43 points).

The arc of daily fluctuations was fixed at 11 points (from 1,400.24 to 1,411.95 points), with a turnover of 128 million euros, of which 8.1 million euros were pre-agreed packages.

Alpha Bank's share dynamically strengthened to +4.17% and 1.5235 euros; Piraeus' share increased marginally to +0.35% and 3.406 euros; National Bank's share declined slightly to -0.21% and 7.784 euros; and Eurobank's share decreased to -1.41% and 2.021 euros.

In the high-cap index (+0.31% and 3,401 points), Aegean 's share increased +3.6% to 11.6 euros, recovering from 7-month lows. PPC shares climbed 3%, with Jumbo and Lamda following at +2.9% and 2.7%, respectively. And Mytilineos' shares closed up +1.1% at EUR 34.8. In contrast, shares of OPAP and OTE lost 1% and 1.3%, while shares of Viohalco, Titan Cement, Coca - Cola and Cenergy were down 1.5% to 2%.

As for the mid-cap index (+0.78% and 2,248 points), Quest's share stood out positively at +2.9% and 5.3 euros, achieving its best session since mid-May. Profile, Fourlis and Kri-Kri gained around +2.5%, with EXAE and Intralot following at +1.9%. On the other hand, Thrace Plastics and Intracom Holdings lost 0.9%.

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