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Athens Stock Exchange
No willingness to take risks
Investors on the Athens Stock Exchange are in no mood for additional risk, as they are rushing to assess the government's announcements at the TIF, amid the climate of instability abroad.
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Investors on the Athens Stock Exchange are in no mood for additional risk, as they are rushing to assess the government's announcements at the TIF, amid the climate of instability abroad.

The Greek market, in this way, continues to oscillate in a narrow range of fluctuations, with 1,450 points constituting the temporary "ceiling", preventing an immediate convergence with the target of 1,500 points, which is the high of the year.

All this, despite the fact that the first-half corporate figures confirm the positive outlook for this year's profitability, while improving the valuation levels of the shares, which are still considered highly attractive.

More specifically, in the first session of the new week, the General Index declined slightly by 0.32% to 1,438.56 points, losing 4.5 points compared to Friday's close (1,443.13 points).

The arc of daily fluctuations extends to six points (from 1,437.03 to 1,443.16 points), with the turnover of transactions ranging at 3.2 million in the first 15 minutes.

The banking index continues the stagnation of the last few days, as it is currently at -0.17% and 1,252 points, pending the decisions on the final round of disinvestment of the HFSF.

Alpha's share is limited to -0.51% and EUR 1.551, Piraeus' share is down to -0.28% and EUR 3.97, Eurobank's share is trading at -0.49% and EUR 2.02, while ΝΒG's share is almost unchanged at -0.05% and EUR 7.586.

In the high-cap index (-0.13% and 2,331 points), Jumbo shares, after the strong gains of the previous week, are folding back to -1% and 24.5 euros. Aegean and Elvalhalcor shares are also down 1%. On the flip side, Cenergy shares are up +0.8% and 9.6 euros, with Titan Cement shares following at +0.5% and 32 euros.

As for the mid-cap index (-0.15% and 2,311 points), Intracom shares stand out positively at +2.2% and 3.18 euros. Kri Kri and Fourlis follow at +1.5%, while Lavipharm's shares are up by almost 1%. On the other hand, ADMIE's share price shrinks by more than -2%, due to the dividend cut of EUR 0.058. Profile, Optima and Techniki Olympiaki are down 1% to 2%.

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