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Weak reaction after 4 day losing streak | TheGreekDeal.com
Athens Stock Exchange
Weak reaction after 4 day losing streak
Mild upward reaction for the Athens Stock Exchange.
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Following Tuesday's significant losses due to worries about the situation in the Middle East, the Athens Stock Exchange experienced a moderate reaction on Wednesday.

The market recovered after four down sessions, during which the main stock index recorded a total loss of 4.44%. Geopolitical developments are expected to be decisive for the course of the stock exchange, and the developments are expected to determine its course in the short term.

The General Price Index closed at 1,365.48 points, up 0.60%. Intra-day it recorded a higher price at 1,371.51 points (+1.05%). The value of transactions amounted to 125.43 million euros, while 28,873,362 shares were traded. The high-cap index rose 0.46%, while the mid-cap index gained 1.32%.

The banking index closed at 1,163.93 points, up only 0.22%, as Alpha - after yesterday's slide (-3.6%) - closed today up 1.15% at €1.535, while Piraeus was up mildly by 0.48% at €3.736 and National Bank recorded a small loss of 0.25% at €7.048 Eurobank lost 0.11% at €1.802.

Among the high-cap stocks, Quest Symmetries (+2.99%), Autohellas (+2.65%), Coca Cola HBC (+2.04%), EYDAP (+2.03%), and Elvalhalkor (+1.91%) recorded the biggest increase. On the contrary, Jumbo (-0.92%) and OTE (-0.50%) recorded the biggest decrease.

Reaction efforts were more intense in the mid-cap sector with ADMIE making an explosive 5% rally to €2.195 with a high turnover of €1.48 million after the strong results announced. Intralot also put in a reaction with +3.16% at €1.046, Intrakat at €4.96 with +2.27% and AVAX with 2.1%.

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