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Selective positioning ahead of the MSCI restructuring | TheGreekDeal.com
Athens Stock Exchange
Selective positioning ahead of the MSCI restructuring
The last session of August starts with the buyers in the lead, as the Athens Stock Exchange continues to show the stagnation of the last two weeks.
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The last session of August starts with the buyers in the lead, as the Athens Stock Exchange continues to show the stagnation of the last two weeks.

The result is that the Greek market remains trapped in a narrow range of fluctuations of only 12 points, unable to manifest a convincing upward movement, which will lead to a break of the first resistance of 1,440 points.

Today, however, a surge of interest is expected in the final auctions thanks to the usual restructuring of MSCI indices, where the deletion of Motor Oil from Standard Greece (it will be added to Small Cap) stands out.

More specifically, on the 5th and last day of the week, the General Index is up slightly by 0.19% to 1,429.61 points, gaining 2.5 points compared to Thursday's close (1,426.91 points).

The arc of the daily fluctuations extends over two points (from 1,428.14 to 1,430.28 points), with the turnover of transactions ranging at 7 million euros, of which 4.8 million euros are pre-agreed packages in Jumbo.

On a weekly level, excluding the ongoing session, the General Index loses about 0.4 euros, while for the whole of August, despite the recovery from the sell off of 5/8, the cumulative change is negative by 3.5%.

Piraeus shares are up +0.81% at +0.81% and 3.856 euros, National Bank shares follow at +0.46% and 7.866 euros, Eurobank shares are trading +0.29% and 2.056 euros, while Alpha shares are unchanged at 1.56 euros.

In the high-cap index (+0.05% and 3,469 points), Jumbo's shares recover 1.3% and return above 23 euros, with Helleniq Energy and Autohellas following at +1%. Motor Oil shares rise gently to +0.5% and EUR 21.5 pending rebalancing, while Lamda and ELVAHALKOR gain 0.7% each. On the other hand, OPAP shares lose 1% and retrace at 15.7 euros. Sarantis and Cenergy retreat by 0.7%.

As for the mid-cap index (+0.22% and 2,292 points), Fourlis' shares stand out at +3.2% and recover 4 euros, with the market positively assessing the agreement with Foot Locker. Lavipharm and Profile gain around +2%, while Dimand, Trade Estates and Techniki Olympias' shares expand by at least 1%.

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