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Closed at 1.480 points - High volatility with low turnover | TheGreekDeal.com
Athens Stock Exchange
Closed at 1.480 points - High volatility with low turnover
Today's Athens Stock Exchange was a low-key session with few changes; PPC ended with the pressure from Piraeus being balanced.
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The low-key session with limited changes was today's Athens Stock Exchange, which ended with PPC balancing the pressure of Piraeus. 

In particular, the General Index moved within a narrow range of just 7.71 points and closed at 1,480.23 points with -0.15%. 

Turnover remained particularly low at 81.5 million euros, of which 6.27 million were in 4 packages (2 in Piraeus for 6 million) with a trading volume of 19 million pieces.

The banking index, after a three-day period of strong gains, closed at 1,344.67 points with -0.3%, the FTSE was at 3,619.14 points with -0.28%; and the mid-cap FTSEM gained 0.23% to close at 2,333.7 points.

Athens Avenue basically did not want to take a position among the different trends shown by the European boards today and was left to take a "breather" after recovering 1,480 points yesterday.

The nature of the session could have been corrective given the buyers' apparent fatigue or loss of interest, but the sellers displayed a similar reluctance, leading to an uninteresting session.

Sellers mainly targeted three stocks: Piraeus Bank, Jumbo, and Aegean, while buyers focused on PPC. Piraeus, which accounted for almost 1/5 of the day's turnover (15.5 million out of 81.5 million), fell to 3.92 euros, a sharp 1.73% loss.

Among the other banks that completed the frame in the top 4 turnover positions, Eurobank (6.8 million) lost 0.49% to 2.22 euros, while Alpha (8.2 million) marginally gained 0.12% to 1.724 euros, and NBG (7.9 million) rose 0.43% to 8.45 euros.

PPC (2.5m) finished at the top of the FTSE with +1.74% at 11.7 euros, leaving yesterday's dividend cut immediately behind, while Motor Oil (3.5m) lost momentum (+1.61% to the day's high) and narrowed to 23.7 euros with +0.51%.

On the contrary, Jumbo (3m) moved with a loss of 1.9%, retreating to 24.72 euros, and Aegean (806k) at 11.7 euros with -1.6%, with AIA also down 0.98% at 7.92 but with a low turnover of 305k euros. Still leading the sellers were GEK Terna (1.7 m) at -0.88% and ELPE (1.4 m) at -0.79%.

In the lower layers, where the most activity was today, Domiki Crete (77k) gained for the second day more than 7% and Revoil (134k) jumped 5.9%, while Attica Bank closed at 9.26 euros with +1.76% on 142k gross value transactions. 

A fourth day of strong rise for Thrace Plastics, with +1.65% at 4.315 euros and a high turnover of 717 thousand euros (239 thousand in a package at 4.46 euros), with a total return of over 11.9% in this four-day period.

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