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Calm on the markets despite the leftist win in France | TheGreekDeal.com
Athens Stock Exchange
Calm on the markets despite the leftist win in France
The calm response of the markets to the elections in France is advantageous to the Athens Stock Exchange, which is up for the fourth straight session.
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As a result of the calm market response to the French elections, the Athens Stock Exchange continues to rise for the fourth straight session.

Thus, the main stock index is moving towards the average of the last 50 days (1,447 points), while investors are trying to "read" the new political backdrop in Europe's No. 2 economy.

However, uncertainty and low visibility remain dominant features, which is mainly reflected in the scarcity of daily trading turnover. 

Against this backdrop, the General Index rose slightly by 0.33% to 1,445.30 points, gaining almost five points compared to Friday's close (1,440.52 points).

The arc of daily fluctuations extends to eight points (from 1,434.57 to 1,446.56 points), with trading turnover at 43 million euros, thanks mainly to the EpsilonNet packages (17.5 million euros).

On the board, now, Terna Energy is down 1.7%, as from today it is trading without the dividend entitlement. Beyond that, OTE and Motor Oil gain 1% each, while Helleniq Energy continues to rise (+2.4%) ahead of tomorrow's dividend entitlement (cut-off 10/7).

The banking index is taking a wait-and-see stance, with the result that it is +0.43% and 1,282 points. And let's not forget that the dividend cuts—the first in 16 years—will follow in the coming days.

Ethniki shares are up +0.57% and 8.11 euros; Piraeus shares are up +0.85% and 3.691 euros; Eurobank shares are trading +0.28% and 2.138 euros; and Alpha Bank shares are retracing -0.12% and 1.631 euros.

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