The election victory of Donald Trump, which sparked a "crazy" rally above 1,200 points on Wall Street, helped the Athens Stock Exchange complete its fifth consecutive upward session today (6/11).
However, the final bias in the Greek market did not prove to match the initial enthusiasm, with the General Index ending near the lowest level of the day, despite crossing the psychological 1,400 point threshold for the first time in November.
This lag is due to concerns arising from the risk of Europe becoming embroiled in a new confrontational situation with the US due to the White House's possible choice to impose tariffs on imported goods from the Old Continent.
And this has been reflected in other European markets, which have not only seen initial gains evaporate but have currently slipped into negative territory, having second thoughts about the implications of Donald Trump's election victory.
In this environment of high volatility and uncertainty, the General Index posted a modest 0.64% increase to 1,408.57 points, gaining about nine points from Tuesday's close (1,399.66 points).
The arc of daily fluctuations was fixed at 18 points (from 1,406.12 to 1,424.79 points), with a turnover of 149.5 million euros, of which 21.7 million euros was related to pre-agreed packages.
Piraeus shares gained +2.05% and 3.73 euros, Eurobank shares rose +1.09% and 1.9915 euros, Alpha shares widened +1.17% and 1.431 euros, while ΝΒG shares followed at +0.96% and 7.59-euros.
In the high-cap index (+0.81% and 3,416 points), Coca-CCola shares climbed 2.4% and touched a 4.5-year high of 34 euros. Jumbo shares also gained more than 2%, while Titan Cement finished up +2.7% at 33.9 euros, as, apart from the US interest due to Titan America, attention focused on tonight's MSCI announcements on the one hand and on tomorrow's publication of 9-month figures on the other. At the same time, shares of Ellaktor, Sarantis, GEK Terna and Autohellas rose by at least 1%. On the flip side, shares of OPAP and OTE fell by 1.1%, with shares of ELVALHALKOR and PPC losing 1% each.
As for the high-cap index (-0.39% and 2,258 points), Kri-Kri shares stood out positively at +4% and returned to recent record highs of EUR 14.2. ABAX, Quest, Profile and Lavipharm climbed +1% to +2%. On the other hand, PPA shares corrected from multi-year highs as they slid -3.4% to -3.4% and EUR 28. Intracom-FFourlis-EEYATH shares also fell by more than 1%, while Intralot shares returned below EUR 1 (10-month low).
