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Athens Stock Exchange
Stagnant market, pressure on banks
There is little excitement as the final session of the week at the Athens Stock Exchange continues with buyers and sellers fighting for control of the bias.
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The last session of the week at the Athens Stock Exchange continues without much excitement, with sellers and buyers engaging in skirmishes to control the bias.

On the positive side, however, the Greek market is holding steady in the 1,440–1,450 area, keeping a safe distance from the valuable 1,400 support levels.

On the other hand, however, the impossibility of a convincing upward move towards 1,460–1,470 points is palpable, with analysts pinning their hopes for a revival of interest on tonight's SCOPE assessment.

Against this backdrop, in today's session, the General Index is down marginally by 0.12% to 1,444.31 points, losing 1.5 points compared to Thursday's close (1,445.91 points).

The arc of daily fluctuations extends to seven points (from 1,441.48 to 1,448.84 points), with a turnover of 37 million euros, of which 4.7 million euros are pre-agreed packages.

On the board, now banks are under the most pressure, as Ethniki and Eurobank lose 1%. Motor Oil is also down by at least 1%. On the other hand, Jumbo is trying to recover after the big losses of the previous days.

The banking index is put in the focus of sellers, resulting in a retreat to -0.80% and 1,256 points.

NBG shares slip -1.08% and 7.898 euros; Eurobank shares fall -0.77% and 2.059 euros; Alpha Bank shares trade -0.46% and 1.6325 euros; and Piraeus shares are down -0.57% and 3.649 euros.

In the high-cap index (-0.17% and 3,507 points), Motor Oil's shares retrace -1.2% and 22.6 euros, remaining at 2024 lows. The shares of PPC - Viohalco are also down up to 1%. On the other hand, Coca - Cola's share strengthens by 1.6% and returns to 32 euros, with AIA's share following at +0.8% and approaching 8 euros. Jumbo's shares recovered by 0.5%, which is almost 16% away from the historic high of 30 euros.

As for the mid-cap index (-0.29% and 2,304 points), Intralot shares stand out negatively at -1.9%, correcting from recent 6-year highs. Lavipharm is also down 1.9%, while ABAX shares follow at -1.3%. Conversely, Profile and Fourlis strengthen around +1%. special mention should be made of Kekrops, which soars by 7% after CEO Petros Suretes acquired 4.6%.

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