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Small profits with stagnant turnover | TheGreekDeal.com
Athens Stock Exchange
Small profits with stagnant turnover
The Athens Stock Exchange is attempting to return close to the 1,450 resistance level today (10/9), while buyers are engaging in selective positioning.
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The Athens Stock Exchange is attempting to return close to the 1,450 resistance level today (10/9), while buyers are engaging in selective positioning.

Of course, the stagnation climate of recent weeks remains dominant, which is eloquently reflected in the weakened value of transactions (consistently below 100 million euros).

All this despite the fact that valuations of listed companies are quite attractive, given the robust first-half profitability, which paves the way for a strong 12 months.

Specifically, in the second session of the week, the General Index is up slightly by 0.38% to 1,439.58 points, gaining about 5.5 points compared to Monday's close (1,434.17 points).

The arc of daily fluctuations extends to less than two points (1,438.81 to 1,440.00 points), with the turnover of trading not exceeding 1 million euros in the first 15 minutes.

The banking index, which is waiting for the final decisions of the HFSF on ΝΒG and the listing of Bank of Cyprus, continues to accumulate forces, as it is currently +0.38% and 1,250 points.

Eurobank's shares widen to +0.65% and 2.025 euros, Alpha's shares follow at +0.55% and 1.5485 euros, NBG's shares trade at +0.34% and 3.981 euros, while Piraeus' shares are unchanged at 3.981 euros.

In the high-cap index (+0.45% and 3,497 points), Coca-CCola shares are up 1.5% and approach 34 euros (4-year high). Jumbo shares follow at +0.9%, while Lamda and Viohalco shares gain up to 0.7%. For its part, the shares of AIA, which today announced its first-half results, are stagnant. On the flip side, EYDAP and Aegean lose 0.8% each.

As for the mid-cap index (+0.09% and 2,315 points), the shares of EXAE stand out positively at +1.2% and 4.64 euros, although it has a noticeable difficulty to approach 5 euros. Kri Kri, ADMIE, AVAX, and Trade Estates follow with a rise of up to 0.5%. In contrast, shares of Intralot and Techniki Olympias are down 0.5% and 0.4%, respectively.

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