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Athens Stock Exchange
Waiting with an eye on Europe
The Athens Stock Exchange is on hold today (4/7), while investors await the developments from the elections in France and the UK.
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The Athens Stock Exchange is on hold today (4/7), while investors await the developments from the elections in France and the UK.

The absence of domestic catalysts, moreover, has made the Greek market totally dependent on sentiments abroad, where political uncertainty remains the No.1 challenge.

In this context, the General Index recorded a subtle decline of 0.06% to 1,422.73 points, losing 1.5 points compared to Wednesday's close (1,423.56 points).

The arc of the daily fluctuations extends over six points (from 1,421.89 to 1,427.46 points), with the turnover of the trading volume hovering at just 2 million in the first 15 minutes.

On the board, now, OTE shares are down 4.6%, as they are trading without the dividend entitlement of EUR 0.71 (gross) as of today, which affects the entire market. Beyond that, Motor Oil and Eurobank are up 1%.

The banking index is trying to maintain the positive sign, as it is currently at +0.58% and 1,250 points, pending the first dividends.

Eurobank's share expands +1.12% and 2.078 euros, Alpha Bank's share rises +0.62% and 1.62 euros, Piraeus' share trades +0.50% and 3.61 euros, while the share of NBG is almost unchanged at 7.78 euros.

In the high-cap index (+0.06% and 3,470 points), the OTE share is the focus of pressure, as it is trading without dividend rights as of today. Thus, it is slumping to -4.42% and EUR 13.19. On the other hand, Viohalco's shares are up 1% in an attempt to recover 6 euros, while Motor Oil's shares gain 1.1%, following the final agreement to acquire Elector.

As for the mid-cap index (+0.35% and 2,267 points), Dimand's shares stand out positively at +2.3% and 8.7 euros, putting an end to the downward trend towards historical lows. Lavipharm also widens to +1.7% and 0.8 euros, while Intracom and Fourlis are +0.6%. On the flip side, shares of ADMIE slip -1.3% and 2.2 euros on the back of developments with the pipeline in Cyprus.

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