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Athens Stock Exchange
Losses are widening
Without any mood of diversification from the previous days, Athens Stock Exchange is moving at the close of a week of significant regression, with bank liquidations continuing unabated.
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Without any mood of diversification from the previous days, Athens Stock Exchange is moving at the close of a week of significant regression, with bank liquidations continuing unabated.

Specifically, the General Index is trading at 1,391.2 points with a new 0.8% drop and turnover at 57 million euros, while 12.5 million pieces have been traded.

One of the few positives from yesterday's session was that when the market was down intraday below 1,400 points, it recovered them with a small bounce just before the close, but that looks unlikely to be repeated today.

As has been the case all week, the biggest pressure has been on banks, with the sector index down almost 6% since Monday (-5.98%), with no clear reason for the sharp weakness shown.

After a brief respite yesterday, Eurobank is again under most pressure today with -2.4% at EUR 1.855, Piraeus retreats to EUR 3.562 with -1.7%, and Alpha at EUR 1.399.

Sellers are also targeting Cenergy, which gives back yesterday's gains (+3%) immediately, plunging to EUR 8.52 with -4% and increased transactions worth more than EUR 5.7m. 

An indicator of the picture is that just 5 stocks in the FTSE are moving higher, and that with Coca-Cola's best performance at just +0.36%.

Also with losses of more than 2% in the high capitalisation are ELPE, while Metlen, Autohellas, PPC, and GEK Terna are also down by more than 1%.

Otherwise, the bids in AIA continue; after 3.3 million yesterday, another 2 today for 2.89 million at 7.53 and 7.55 euros.

The picture is somewhat better in mid caps thanks to Intrakat, which continues for the third day strongly upwards with +2% and Kri Kri at +2.2%.

At the same time, however, EYATH, Thrace Plastics, Intracom, and Fourlis are all down more than 1%.

Beyond that, even with just 308 shares, Attica Bank is still buying more than EUR 6, while the bank's right to the AMK is trading at EUR 156 (+2%).

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