The supports of 1,400 points on the Athens Stock Exchange are in immediate danger, as sellers seem to persist for the 4th consecutive day, despite the morning effort of buyers.
The only certainty is that the Greek market picture remains problematic, as even the improvement in sentiment abroad is not enough to somewhat "unstick" the General Index, which is losing at least -2.5% since the beginning of the week.
This is despite the attractive valuations of the "heavyweights," which are preparing to report another quarter of strong profitability and improved financials.
Specifically, in the 4th session of the week, the General Index is down slightly by 0.20% to 1,404.37 points, losing about three points compared to Wednesday's close (1,407.14 points).
The arc of daily fluctuations extends over 12 points (from 1,403.28 to 1,415.71 points), with a turnover of 40 million euros, of which 4.1 million euros are pre-agreed packages.
The banking index, which is losing -4.6% since the beginning of the week, is experiencing a new wave of liquidation, sliding -1.29% and 1,165 points.
Piraeus shares tumble to -2.6% and €3.612, Ethnikis shares follow at -1.20% and €7.236, Eurobank shares trade at -1.08% and €1.87, while Alpha shares fall to -0.83% and €1.426.
In the high-cap index (-0.36% and 3,393 points), ELVALHALKOR's share shrinks to -1.65% and 1.7 euros, while Motor Oil, Hellaktor, and Lamda Development follow with losses of up to 0.8%. On the other hand, Metlen's share expands by +0.5% and returns above 33 euros, thanks to positive 9-month financial data. At the same time, Cenergy's shares gain +0.8% and attempt to re-approach 9 euros. Beyond that, Coca-CCola, Titan, and OTE shares are up +0.7%, while PPC shares rise 0.3%, following the successful issuance of the 7-year bond.
As for the mid-cap index (-0.14% and 2,284 points), shares of Lavipharm and Technical Olympics stand out negatively above -2%; Quest, Trade Estates, AVAX, and Dimand are down by at least 1%. On the flip side, Ideal's shares gain 0.8%. Special mention should be made of Attica Bank, which continues its strong volatility. It is currently trading at -3.3% and EUR 5.8, which translates into a valuation of EUR 9.3 billion.
