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Third downward series of bank signatures despite FTSE | TheGreekDeal.com
Athens Stock Exchange
Third downward series of bank signatures despite FTSE
The Athens Stock Exchange completed another downward session (eight out of the last nine) today (9/10), with sellers tightly hugging the market's "steering wheel".
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The Athens Stock Exchange completed another downward session (eight out of the last nine) today (9/10), with sellers tightly hugging the market's "steering wheel".

The General Index, which measured cumulative losses of 3.5% compared to 1,471 points on September 27, saw geopolitical uncertainty and high equity supply again impacting investor psychology.

Somehow, the FTSE's decision to add Athens Avenue to a watch-list for a possible upgrade in "mature" markets took a back seat, keeping the short-term downward channel (below 1,450 points) in place.

Specifically, in the 3rd session of the week, the General Index declined mildly by 0.56% to 1,419.27 points, losing eight points compared to Tuesday's close (1,427.29 points).

The arc of daily fluctuations was fixed at 12 points (from 1,418.38 to 1,430.77 points), with trading turnover soaring to 204 million euros, of which 87.3 million euros were pre-agreed packages (56 million euros were packages for the 3% stake in Cyprus).

The banking index recorded new significant losses, ending at -1.17% and 1,202 points. In doing so, it continued its downward streak, which has widened by more than 10% the distance from this year's highs.

The share of NBG, which is looking for... balance after the placement, slipped to -1.95% and 7.436 euros; Alpha Bank's share followed at -1.23% and 1.483 euros; Eurobank's share fell to -0.81% and 1.954 euros, while Piraeus' share was limited to -0.59% and 3.7 euros.

The share of Bank Cyprus, for its part, plummeted 10.5% and retreated to EUR 4.34, converging with the price of yesterday's placement, which took place at EUR 4.2 and involved 3% of the share capital.

In the high-cap index (-0.19% and 3,441 points), Autohellas shares retreated -3% and 10.3 euros (20-month low), followed by Motor Oil shares at -1.8% and 20.7 euros (22-month low). Titan -Heleniq Energy also fell by more than 1%. On the flip side, Jumbo's share strengthened to +2.1% and 26.2 euros, boosted by satisfactory 9-month sales. Shares of Coca - Cola, Viohalco and GEK Terna also posted gains of 1% to 1.8%. Finally, OPAP and OTE closed at +0.5%.

As for the mid-cap index (-0.07% and 2,292 points), the shares of EXAE failed to benefit from the watch list by the FTSE, as they gained just +0.3%. ABAX shares, for their part, rose by 1.2%. At the same time, shares of Austriacard, PPA, Intralot and Intracom were down by at least 1%, while shares of Plastic Thrace ended down -0.9%. special mention should be made of Attica Bank, which continued its free fall (7.8%).

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