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Stabilization upwards with blue chips leading the way
With the banking sector regaining positive momentum and a number of blue chips giving a significant boost, the market is now stabilizing on an upward slope.
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With the banking sector regaining positive momentum and a number of blue chips giving a significant boost, the market is now stabilizing on an upward slope.

In particular, the General Index is trading at 1,409 points, up 0.5%, with turnover at €34 million and €8.8 million traded.

The banking index, after being down to 1,177.8 points (-0.69%), is now up 0.35% at 1,190 points; the FTSE is up 0.35% at 3,415 points; as is the midcap FTSEM, which is up +1.25% at 2,252 points.

Among banks now only NBG remains in negative territory, with a small loss of 0.2%. In contrast, Piraeus is up 1.3% and Alpha 1.1%, with Eurobank slightly up +0.2%.

Strongly up is the smaller Bank of Cyprus at 4.4 euros with + 1.8% and the biggest turnover of the day at 6.4 million due to two packages worth 5.47 million that changed hands at 4.23 euros. 
Similarly, Optima is also moving at +1.6. At the top of the FTSE is Ellactor, with +2.8% having GEK Terna next to it at +2.1%.

The three stocks of the Stasinopoulos group in the FTSE, ELHA with +1.7%, Cenergy with +1.9%, and parent company Biohalco with +1%, are all moving with significant gains.

Also rising by more than 1% are ELPE, motor Oil, PPC with Titan continuing unabated with fresh gains of 1%. On the other hand, Lamda moves -1.2%, EYDAP -0.7%, and Coca Cola, OPAP, OTE around -0.4%. In midcaps, Intralot puts out a 4.3% upside reaction, with Intracom following closely at +2.1%.

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