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Buyers at the helm for the second day - Banks stand out | TheGreekDeal.com
Athens Stock Exchange
Buyers at the helm for the second day - Banks stand out
The Greek stock market is making gains today (24/9), which continues on an upward trajectory after Monday's buying spree.
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The Greek stock market is making gains today (24/9), which continues on an upward trajectory after Monday's buying spree. Although they have downshifted compared to the opening, buyers are keeping the reins and contact with the 1,450 mark. Sentiment abroad is favorable, as some indices on Wall Street (Dow Jones, S&P 500) and Europe (DAX) are "flirting" with new highs.

Specifically, in Athens, the General Index is up +0.47% and is trading at 1,449.34 points, moving between 1,445.25 (low of the day) and 1,452.32 points (high of the day).

After breaking through 1,435 points, which had proved to be a resistant resistance point, the target is now to break above 1,450 points.  At the same time, investors started to become active, as reflected in yesterday's increase in turnover. Trading activity reached 129 million euros, above the 100-day average of 117 million euros, with systemic banks accounting for over 45% of the transaction value. It is also worth noting the window dressing movements in investment portfolios, as we are in the last week of the 9-month period.

Buyers are also rushing to bank stocks today, with the sector index gaining +1.3% to 1,265.85 points. The FTSE 25 (high cap) gains +0.55% to 3,528.52 points, and the Mid Cap (mid cap) is up +0.16% to 2,345.84 points.

The value of the transactions "touches" 42.771 million euros, of which 6.555 million euros relate to packages. At 101.862 billion euros, the market capitalisation is at 101.862 billion euros. Positive signs for 57 stocks, negative for 36, while 20 stocks remain unchanged.

In the systemic banks, ΝΒG extends its rally as the placement landscape clears, with gains +2.24% to 7.668 euros. Piraeus (+1.01% at 3.91 euros), followed by Alpha Bank (+0.84% at 1.6135 euros) and Eurobank (+0.78% at 2.061 euros).

In the large-cap sector, OPAP, Sarantis, Cenergy, Metlen, Aegean, and Titan are significantly stronger. On the other hand, Coca-Cola loses around 0.8%. In the mid-cap sector, Intracom Holdings registers gains close to +1%. On the other hand, Techniki Olympiaki declines by -1.2% and Profile by -0.9%. Bank of Cyprus is trading at -0.6% and EUR 4.97.

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