The Athens Stock Exchange completed its 4th consecutive upward session, managing to take advantage of the calm reaction of Europe to the unexpected election result in France.
Indeed, the Greek market managed to finish back above 1,450 points (for the first time since June 12), exceeding the moving average of the last 50 days (1,447 points) and building a sufficient safety distance from 1,400 points.
Of course, no one should overlook the fact that volatility and low visibility remain as dominant characteristics, which is eloquently reflected in the extremely "poor" trading volumes.
Against this backdrop, the General Index rose mildly by 0.72% to close at a daily high of 1,450.92 points, gaining almost 10.5 points from Friday's close (1,440.52 points).
The arc of daily fluctuations was fixed at 16 points (from 1,434.57 to 1,450.92 points), with trading turnover at 113 million euros, mainly due to 34 million euros in pre-agreed packages (17.5 million in EpsilonNet).
The banking index followed the trend of the rest of the market, ending at +0.40% and 1,282 points. And let's not forget that in the next period we have the dividend cuts—the first in 16 years.
Piraeus shares gained +1.69% and 3.722 euros, Alpha Bank shares rose +1.50% and 1.6575 euros, Eurobank shares traded -0.28% and 2.126 euros; and National Bank shares folded -0.55% and 8.02 euros.
In the high-cap index (+0.66% and 3,540 points), Helleniq Energy's shares gained +1.8% and 8.2 euros, continuing the good performance of the previous week, ahead of tomorrow's vesting of the dividend of 0.60 euros. Autohellas, Coca - Cola, Jumbo, PPC, Motor Oil and OTE gained between 1% and 1.9%, while Titan Cement shares flew +3.8% to EUR 29.9. In contrast, shares of Terna Energy lost 1.7% due to the dividend cut. Metlen and Cenergy were down 0.9% and 1.6%, respectively.
As for the mid-cap index (+0.70% and 2,294 points), the shares of EXAE stood out positively at +3.6% and 4.8 euros, thanks to the new target price from Eurobank Equities (6.6 euros). AVAX also rallied by 3.9%, re-approaching 1.5 euros. Optima, EYATH, ADMIE and Ideal gained between 1% and 2%. On the flip side, Fourlis and Intrakat narrowed to around 1.5%, falling below 4 and 5 euros, respectively.
