Despite the recent barrage of dividend cuts, buyers continue to prevail on the Greek stock market as they do so for a third day in a row thanks to the favorable conditions in the euro markets. The General Index easily cleared the 1,470 barrier and is setting its sights on 1,480.

Specifically, the GC strengthened by +0.97% and traded at 1,478.63 points, with the high of the day at 1,479.73 points and the low of the day at 1,465.81 points.

The positive protagonist (again) is the banking sector, with Alpha Bank "climbing" over +2% and Eurobank "chasing" new multi-year highs, trading above 2.2 euros. There are also heavyweights giving an extra boost to the board, such as Coca-Cola, OTE, Motor Oil, Metlen, Viohalco, and Helleniq Energy.

On the other hand, Ellaktor slides close to -20% as it trades without the right to capital return. Attica Bank is on limit down (-30%) and priced below EUR 8.8, following the official announcements of its merger with Pancretia.

Rich in dividend cuts, today's agenda of the X.A. PPC (EUR 0.25), EYDAP (EUR 0.1), Space Hellas (EUR 0.16), and Athens Medical (EUR 0.02) are cutting their dividends in particular, and Ellaktor is trading without the right to a capital return of EUR 0.5 per share. Later in the week, Eurobank (EUR 0.0933) and Alpha Bank (EUR 0.026) follow them. Metlen will reveal the flash note for the second quarter and first half results on Thursday (25/7), ushering in the announcements.