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Trying to avoid the loss of critical 1,400 points | TheGreekDeal.com
Athens Stock Exchange
Trying to avoid the loss of critical 1,400 points
The Athens Stock Exchange is "playing" in the area of 1,400 points, which is trying to avoid the loss of critical supports, after the four-day downward series.
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The Athens Stock Exchange is "playing" in the area of 1,400 points, which is trying to avoid the loss of critical supports, after the four-day downward series.

The Greek market, since the beginning of the week, has been on a steady downward trend, which has called into question both the 1,400-unit mound and the long-term trend, given that the 200-day moving average is at 1,396 units.

Somehow, despite the positive corporate numbers and attractive valuations, the large placement & AMK offerings and the "lowering" of the price-targets for the banks have caused turmoil in the investment community, which is anxiously looking for... buyers.

It is no coincidence that within the last four days the cumulative losses of the General Index exceed -2.8%, while in banks the loss in the corresponding period reaches -6%.

In today's -and the last of the week- session, the main stock index, unable to react, declines marginally by 0.08% and stands at 1,401.46 points, losing one point compared to Thursday's close (1,402.60 points).

The arc of daily fluctuations extends over four points (from 1,400.70 to 1,404.54 points), with a turnover of 7 million euros, of which 3.7 million euros are pre-agreed packages. 

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