Reasonable pressure is being exerted on the Athens Exchange today (10/7), as dividend cuts in Helleniq Energy (EUR 0.60), Piraeus (EUR 0.06) and Jumbo (EUR 1.00) are negatively affecting the short-term movement.
This is despite the fact that sentiment abroad is improving, with volatility and uncertainty surrounding the French political scene gradually taking a back seat.
In any case, the important thing for the Greek market consists in gaining a sufficient safety distance from 1,400 points, with 1,460 points constituting the main resistance point.
Against this backdrop, the General Index is down slightly by 0.45% to 1,444.67 points, losing 6.5 points compared to Tuesday's close (1,451.22 points).
The arc of daily fluctuations extends to 12 points (from 1,440.62 to 1,452.46 points), with a turnover of 36 million euros, of which 2.8 million euros are pre-agreed packages.
On the board, Helleniq Energy is down at least 5%, Jumbo is losing 3.5%, while Tr. Piraeus is down less than 1%. On the other hand, GEK TERNA continues at record levels, even approaching 17.5 euros.
The banking index declines -0.69% and 1,260 points, 6.6% below this year's highs of 1,349 points, due to the general sentiment.
Piraeus shares are limited to -0.79% and EUR 3.653, Eurobank shares fall -1.33% and EUR 2.077, Alpha Bank shares trade -0.94% and EUR 1.6345, and Ethniki shares are almost unchanged at EUR 7.88.
In the large-cap index (-0.60% and 3,514 points), the shares of Helleniq Energy, which cuts its dividend of EUR 0.60, retreat to -5.3% and EUR 7.87. Jumbo's shares also fall more than 3.5%, which as of today does not incorporate the right to the EUR 1 bonus. At the same time, OPAP and Lamda Development lose about 1%. On the flip side, GEK TERNA's shares expand +1.4% to EUR 17.4, setting a new 24-year high. Hellaktor also climbs above 2.6 euros, gaining 1.1%.
As for the mid-cap index (-0.24% and 2,304 points), Intrakat's shares stand out negatively at -1.4% and 4.9 euros, while Dimand - EXAE shares also show losses of more than 1%. With a fall of 0.8% are followed by the shares of Techniki Olympiani, Intracom, ADMIE and Fourlis. Conversely, Profile and PPA are up 1.2% and 1.9%, respectively, with Lavipharm's shares rising 0.8%.
