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Athens Stock Exchange
Up to 3% drop in banks
The Athens Stock Exchange proceeded today (13/11) to assimilate the gains, as the fatigue from the recent rise led to several liquidations.
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The Athens Stock Exchange proceeded today (13/11) to assimilate the gains, as the fatigue from the recent rise led to several liquidations.

Due to the uncertainty in Europe as a result of Donald Trump's election victory in the US and the potential trade "war" scenarios, the Greek market declined below 1,420 points.

However, Athens counted only the second fall in the last 10 sessions, having gained more than +2.5% in this period and leaving significantly behind the recent nadir of 1,381 points (October 30).

Specifically, on the 3rd day of the trading week, the General Index declined slightly by 0.80% to 1,419.51 points, losing about 11.5 points compared to Tuesday's close (1,430.91 points).

The arc of daily fluctuations was fixed at 16 points (from 1,414.99 to 1,430.83 points), with trading turnover at 143 million euros, of which 36.1 million euros were pre-agreed packages.

ΝΒG shares slipped -3.37% and 7.334 euros, Eurobank shares followed at -1.67% and 2.00 euros, Piraeus shares traded -1.61% and 3.85 euros, while Alpha shares fell -0.93% and 1.6045 euros.

In the high-cap index (-0.96% and 3,450 points), AIA shares retreated -2% to EUR 7.79, hitting the brakes sharply after the positive move in November. Meanwhile, Coca-Cola's shares folded 1.29% and digested recent 5-year highs (>34 euros). Beyond that, shares of Autohellas, Helleniq Energy, Jumbo, Viohalco, Aegean and Motor Oil lost between 1% and 1.5%. On the flip side, PPC shares gained 0.8%, just shy of their multi-year highs of EUR 12.5. Titan Cement's shares expanded +1.4% to touch EUR 34.

As for the mid-cap index (-0.26% and 2,276 points), Intralot shares continued their downward streak, falling -2.6% and 0.91 euros; Ideal and Fourlis "fell" by 2.1% and 1.5% respectively, while Intrakat, AVAX and EXAE shares folded by at least 1%. In contrast, Kri Kri shares soared by 4.2% to EUR 14.8, continuing to soar to all-time highs. Lavipharm followed at almost +3%, with Profile, Intracom and PPA gaining between 1% and 1.6%. In particular, the port's shares closed above EUR 30.2, setting a new multi-year record.

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