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3rd consecutive drop, new pressure on banks | TheGreekDeal.com
Athens Stock Exchange
3rd consecutive drop, new pressure on banks
The Athens Stock Exchange completed the third consecutive downward session, with sellers leading the General Index close to the critical supports of 1,400 points.
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The Athens Stock Exchange completed the third consecutive downward session, with sellers leading the General Index close to the critical supports of 1,400 points.

The Greek market, in this way, saw the cumulative losses of the week approaching -2.5%, moving away again from the 1,450 point resistance and continuing the "game" of narrow fluctuation limits.

All this, despite the fact that the listed companies still have attractive valuations (significant discount compared to overseas), is expected to be confirmed by the upcoming 9-month financial results. 

Specifically, in the 3rd session of the week, the General Index recorded a new decline of 0.53% to 1,407.14 points, losing 7.5 points compared to Tuesday's close (1,414.65 points).

The arc of daily changes was fixed at 14 points (1,405.39 to 1,419.95 points), with the turnover of transactions ranging at 117 million euros, of which 20.6 million euros were pre-agreed packages.

Eurobank shares tumbled -3.05% to EUR 1.8905, Alpha followed at -1.91% to EUR 1.438, National Bank shares traded -0.71% to EUR 7.324, while Piraeus shares fell -0.54% to EUR 3.71.

In the high-cap index (-0.77% and 3,405 points), Metlen's share fell by -1% and "fell" below 33 euros, while tomorrow it will announce its third quarter financial results. Titan's shares also fell by almost 2%, while Viohalco followed at -1.1%. Autohellas and Motor Oil each lost about 0.9%, with the latter retreating to a new 22-month low. On the other hand, Sarantis' positive 9-month performance "kept" the stock in positive territory (albeit marginally).

As for the mid-cap index (-0.27% and 2,287 points), ADMIE's share stood out negatively at -1.9% and 2.3 euros, partially correcting from this year's highs. Thrace Plastics, Quest and Ideal folded by at least 1%. On the flip side, Intralot shares gained +1.8% and EUR 1.08, while Profile shares closed +1.9% and EUR 5.3, approaching all-time highs. EYATH, Intrakat and Dimand rose more than 1%

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