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Limited changes amid countervailing forces | TheGreekDeal.com
Athens Stock Exchange
Limited changes amid countervailing forces
With Piraeus and PPC pushing upwards and OPAP and Aegean putting pressure, Athens Avenue remains within an extremely narrow range, while in general, international investors are moving cautiously in view of the US election process.
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With Piraeus and PPC pushing upwards and OPAP and Aegean putting pressure, Athens Avenue remains within an extremely narrow range, while in general, international investors are moving cautiously in view of the US election process.

In particular, the General Index stands at 1,390 points without any substantial change (+0.05%), having moved within a range of 5.84 points (low at 1,386.25 and high at 1,392.09).

In banks, Piraeus now posts a significant gain of 2.7% to €3.62, with Alpha up +0.3% to €1.4 and Eurobank up +0.5% to €1.92. Note that the 6 packages of a cumulative value of 3.6 million changed hands at 1.90 and 1.91 euros.

On the contrary, the inclination remains negative on NBG, which retreated to 7.3 euros at -0.95%.

On the side of the sector today is JP Morgan, which declares overweight on Greek banks, saying they are changing levels and describing the recent correction as a buying opportunity.

In other sellers' picks Cenergy, Jumbo are hovering around -0.8% and ELPE at -0.5%.

Beyond Piraeus, Aegean, the market is boosted by Coca Cola at +0.9%, while Biohalco, Titan and AIA are up slightly around +0.5%.

In the lower strata, Intralot is under significant pressure, losing EUR 1 (0.97) at -2.8% on increased turnover of over EUR 900k and Intracom at a similar pace at -3%.

Placements at higher levels are made in Kri Kri and AVAX at +1.8% and +1.4% respectively.

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