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Bulk selling, banks and blue chips in focus | TheGreekDeal.com
Athens Stock Exchange
Bulk selling, banks and blue chips in focus
New heavy losses on the Athens Stock Exchange amid geopolitical turmoil.
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The Athens Stock Exchange, which is currently in negative territory for the third day after yesterday's failure to reflect European recovery trends, follows the sharply bearish sentiment internationally.

The General Index is trading at 1,370 points, down 1.47%, with turnover at 12.8 million euros, while 3.2 million pieces have been traded.

The banking index is down 1.95% at 1,163 points, the FTSE high cap is down -1.5% at 3,321 points, as is the FTSEM mid cap which is down 1.84% at 2,189 points.

Athens Stock Exchange, the market diversified negatively yesterday, as while in Europe the gains exceeded 1%, the Greek stock market's GI ended up with a loss of 1.8%, which was limited to a certain extent at the end of the session only with selective moves mainly in blue chips.

The picture on the board shows a wave of liquidation, with very few securities staying out of the sellers' "crosshairs" and banks moving sharply down in unison.

Alpha Bank at -2.4%, Eurobak at -1.9%, National Bank at -2% and Piraeus at -1.7%.

GEK Terna, Jumbo, Aegean and Viohalco are moving with losses of more than 2%, while OTE, PPC, Aegean, Autohellas, Sarantis, Terna Energy, ELPE, Titanas, and Elvalhalkor are losing around 1%.

A positive exception is Ellaktor with a gain of 1.2% as the Board is geared towards capital return instead of dividend distribution to shareholders, and with Quest at +0.4% they are the only positive stocks in the 25.

The mid-cap sector shows a similar picture, with Intralot losing 1.7% and AVAX, Intrakat, and PPA losing over 2%.

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