Stagnation prevails today (9/7) on the Athens Stock Exchange, with sellers trying to stop the four-day upward streak, but the General Index remains in the area of 1,450 points.
The cool reaction to the French election result is the key to the relatively satisfactory performance of the Greek market, which, of course, should not forget that it is characterized by a particularly low turnover.
Besides, investor visibility remains reduced, while domestic news, despite the Moody's upgrade of banks and dividend distributions (Jumbo, Helleniq Energy, Piraeus), does not contain a strong upward catalyst.
Against this backdrop, the General Index is down a subtle 0.05% to 1,450.16 points, losing less than one point compared to Monday's close (1,450.92 points).
The arc of the daily fluctuations extends over four points (from 1,447.37 to 1,451.25 points), with the turnover of the trading volume hovering at just 3 million in the first 20 minutes.
The banking index, influenced by the broader subdued sentiment, moves -0.22% and 1,279 points in anticipation of the first dividends in 16 years and in the wake of Moody's upgrade (to Ethniki & Piraeus).
Eurobank shares retreat -0.85% and EUR 2,108; Alpha Bank shares fall -0.27% and EUR 1,653, ΝBG shares are almost unchanged at EUR 8,026; while Piraeus shares are up +0.54% and EUR 3,742.
In the high-cap index (-0.18% and 3,533 points), Titan Cement's share is limited to -1% and 29.6 euros, with Lamda's share also losing 1% and falling below 7 euros. Autohellas, Jumbo, Sarantis and Motor Oil retreat up to 0.7%. On the flip side, shares of ELVALHALKOR gain at least 1% and return to 1.9 euros. Helleniq Energy, at the same time, is heading for its 7th consecutive bullish session, as it is at +1% and EUR 8.3.
As for the mid-cap index (-0.10% and 2,292 points), Intracom's shares are trying to stand out at +1% and 3.4 euros, while Techniki Olympiakiaki's shares are also showing gains of more than 1%. On the other hand, shares of Optima Bank, ABAX and Lavipharm are retracing up to 0.7%.
