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Losses with banks leading the way | TheGreekDeal.com
Athens Stock Exchange
Losses with banks leading the way
Sellers regained control of the Athens Stock Exchange, which put a brake on the "silent" upward streak of the previous five sessions.
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Sellers regained control of the Athens Stock Exchange, which put a brake on the "silent" upward streak of the previous five sessions.

Under the sword of the US tariffs, the Greek market did not manage to escape from the European pressure, although it at least "saved" the psychological barrier of 1,400 points and the 200-day moving average.

With banks in the crosshairs, however, Athens confirmed the pattern of prolonged volatility seen throughout the last few weeks that has "clipped" this year's performance to single-digit levels.

Specifically, in the 3rd session of the week, the General Index declined slightly by 0.31% to 1,403.63 points, losing about 4.5 points compared to Tuesday's close (1,408.05 points).

The arc of daily fluctuations was fixed at 15 points (from 1,396.60 to 1,411.56 points), with the turnover of transactions ranging at just 88 million euros, of which 8.0 million euros were pre-agreed packages. 

The banking index took centre stage in the liquidation (despite positive foreign reports) as it slid sharply to -1.98% and 1,168 points, widening close to -14% from this year's highs (1,354 points).

NBG shares retreated -2.63% and 6.806 euros, Piraeus shares narrowed to -2.75% and 3.50 euros, Alpha shares traded -1.65% and 1.49 euros, while Eurobank shares contracted -1.07% and 2.036 euros.

In the high-cap index (-0.47% and 3,393 points), Motor Oil shares retreated by 1.1% to 19.1 euros, their lowest level in two years. AIA's shares also suffered a 1.3% correction, which put a brake on the convergence with the admission price of EUR 8.2. On the opposite side, Hellaktor's shares continued the upward reaction, reaching 1.76 euros. PPC, meanwhile, expanded to +1.4% and 11.7 euros, with Aegean shares following at +1% and 9.7 euros. Titan Cement and GEK Terna hit new multi-year highs, climbing to 38.5 and 18.5 euros, respectively. At the same time, Coca-Cola gained +1.8% and returned to EUR 34.3 (5-year high). Autohellas and Cenergy finally climbed up to +1.9%.

As for the mid-cap index (-0.64% and 2,247 points), PPA shares stood out negatively at -1.6% and 30.75 euros, correcting from consecutive multi-year records. Shares of Intracom, AVAX, Lavipharm, and Ideal also showed losses of 1% to 2%. On the contrary, Austriacard's shares showed a reaction, finishing +1.6% and EUR 5.4. For its part, Kri-Kri shares, boosted by positive 9-month figures, climbed back above the record high of EUR 14 (+1.4%).

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