A breath away from the psychological threshold of 1,400 points, the Athens Stock Exchange reached 1,400 points, with buyers sweeping for the second consecutive day, pouring balm on the wounds of the recent sell-off.
In actuality, the Greek market managed to easily surpass 1,375 points (200-day CMO), reversing the long-term trend back into a positive direction.
Despite the cumulative +3.9% over the last two days, however, the losses from Monday's deflation are still considered large (more than -5%), while international uncertainties remain in the foreground.
The arc of daily fluctuations was fixed at 24 points (from 1,375.82 to 1,399.33 points), with a turnover of 106 million euros, of which 944,000 euros related to pre-agreed packages.
The banking index widened further to +2.96% and 1,216 points, dropping -10% from its year high of 1,354 points.
Piraeus shares rose +3.89% to +3.89% and EUR 3.74, followed by NBG shares at +3.02% and EUR 7.43; Eurobank shares, which completed its public offer to Hellenic Bank of Cyprus, ended up +2.56% and EUR 1.9795; and Alpha Bank shares rose +2.31% to +2.31% and EUR 1.575.
In the high-cap index (+1.81% and 3,394 points), Aegean shares soared +5.3% and 10.89 euros, breaking away from critical supports. Motor Oil shares also gained 4.5%, while shares of Autohellas, Cenergy, Viohalco, GEK Terna, and Hellaktor climbed between 3% and 4%. Beyond that, shares of OPAP, EYDAP, Lamda, and Helleniq Energy gained more than 2%, with Titan, PPC, AIA, and Elvalhalcor closing around +1.5%. On the flip side, OTE shares fell slightly by 0.6%, discounting second quarter financials. Coca-Cola was on a similar path, losing 1% following its first-half results.
As for the mid-cap index (+2.72% and 2,194 points), Ideal's shares soared +5% and 5.6 euros, boosted by the completion of the sale of Astir. At the same time, shares of Profile, Quest, and AVAX expanded by 4% to 5%, while shares of Optima Bank, EXAE, and Intracom rose by 3%. Technical Olympic, PPA, Kri Kri, Lavipharm, Fourlis, and Austriacard finished above +2%.
