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Sellers have taken the upper hand | TheGreekDeal.com
Athens Stock Exchange
Sellers have taken the upper hand
The Athens Stock Exchange is recording controlled losses today (12/11), with sellers controlling the board, under the weight of the broader overseas retracement.
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The Athens Stock Exchange is recording controlled losses today (12/11), with sellers controlling the board, under the weight of the broader overseas retracement.

The Greek market, however, remains above 1,420 points, just shy of the simple moving average of the last 200 days (1,425 points) as a result of the recent banking rally (+8.3%).

However, the critical issue for Athens is to find the necessary "fuel" that will lead to a break of 1,450 points, paving the way for convergence with the "tops" of 1,502 points.

Specifically, in the second session of the week, the General Index declined slightly by 0.30% to 1,424.07 points, losing about 4.5 points compared to Monday's close (1,428.40 points).

The arc of daily fluctuations extends over four points (from 1,422.02 to 1,426.77 points), with a turnover of 41 million euros, of which 3.5 million euros are pre-agreed packages.

Piraeus shares retreat to -0.75% and 3.828 euros, National Bank shares fall to -0.80% and 7.47 euros, Eurobank shares trade at -0.49% and 2.025 euros, while Alpha shares strengthen to +1.56% and 1.598 euros.

In the high-cap index (-0.46% and 3,461 points), Coca - Cola shares, after yesterday's 5-year highs, correct to -0.9% and 34.1 euros. Cenergy, at the same time, is down 2%, while shares of PPC, Lamda and Autohellas are down at least 1%. The shares of OTE - Metlen are also "clipped" by almost 1%. On the opposite side, the shares of Viohalco gain by +0.9%.

As for the mid-cap index (-0.34% and 2,272 points), Intralot's share returns to negative territory, sliding -1.7% and 0.94 euros. Shares of Techniki Olympiaki, EYATH, Profile and Lavipharm lose between 1% and 1.7%, with Intrakat's shares trailing at -0.9%. On the other hand, shares of Plastic Thrace soar by 4.7% and approach 4 euros again.

Overall on the stock exchange board, 41 stocks are moving up, 55 stocks are down, while 12 stocks remain unchanged. The market capitalisation stands at 109.8 billion euros.

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