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Athens Stock Exchange
Continues trading without clear direction
The Athens market continues trading without clear direction, with investors moving cautiously and the forces are divided on the board, while in Europe sellers have taken a clear lead.
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The Athens market continues trading without clear direction, with investors moving cautiously and the forces are divided on the board, while in Europe sellers have taken a clear lead.

In particular, the General Index is moving at 1,446 points without any substantial change and turnover at 27 million euros, while 6.6 million pieces have been traded.

The banking index is slightly down -0.1% at 1,281 points; the FTSE is also down 0.1% at 3,516 points, while the FTSEM midcap is up 0.74% at 2,329 points.

Turnover at 83 million, although still far from the psychological level of 100 million, was up from the previous session (excluding the rebalancing session on Friday), most encouragingly on a day of low tones internationally due to the Wall Street holiday.

From where it stopped yesterday, Sarantis continues with a new gain of 1.95% following its record sales report for the first half of the year, while OPAP, on the other hand, is moving cautiously at -0.4% ahead of its own announcements today.

Motor Oil continues with high turnover and new gains of 1.4%, having left behind its exit from the MSCI Greece Standard.

In banks, Alpha stands out at +1% against the backdrop of its exit to the markets with a €300m AT1 bond, but sellers have taken the reins in the other systemic ones.

Piraeus and Eurobank are -0.5%, with NBG at -0.3%, while the smaller Optima is back in positive territory at +0.3%.

In other sellers' moves, Εllaktor is down 1.5%, Jumbo is down 0.85% on increased turnover due to a €862k package that changed hands at €23.07, and Cenergy moves -0.7% as much as parent Viohalco. 

Note the increased turnover in TERNA Energy at EUR 3m (+0.16%).

Beyond that, Attica Bank's shares are up a strong 16.6% against the backdrop of the extraordinary general meeting for the merger with Pancretia Bank on transactions worth around EUR 50k.

In the mid-cap sector, ADMIE stands out with a strong +4.5% rally after the agreement in principle on the Greece-Cyprus interconnection, AXAE is up 1.75% and Profile and Kri Kri by 1.2%, while Austriacard is correcting at -2%.

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