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Showing composure as geopolitical tension soars again | TheGreekDeal.com
Athens Stock Exchange
Showing composure as geopolitical tension soars again
Controlled liquidations on the Athens Stock Exchange after the Israeli retaliation against Iran.
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The Athens Stock Exchange is attempting to put dikes on geopolitical pressures, amid a new bout of liquidation in global markets following Israel's retaliation against Iran. Specifically, the General Index opened at 1,371.5 points with a 0.69% drop, but as trading progressed, it picked up losses and is now at 1,381 points without change.

Turnover is already up to 10 million in the first half hour, with a volume of 2.2 million units. The bank index is down 0.4% at 1,168 points, the FTSE is now around unchanged at 3,351 points, as the FTSEM mid-cap is down slightly by 0.25% at 2,245 points.

At first, the Athens Stock Exchange seemed to find some support in PPC, which lagged yesterday's bullish move but is now up 1%. In other buyers' moves, Labda continues slightly up after rallying yesterday with +0.45%, Ellaktor also gains 0.6% and OPAP is up slightly by 0.2%. Downward trends are seen in all 4 systemic banks, but with basically limited pressure. National Bank is at -0.2%, Eurobank and Alpha at -0.7% and Piraeus at -1%.

Among the main sellers' picks, OTE is down 1% and GEK Terna is down 0.9%, while moderate pressure is also seen on ELPE at -0.5%. In the mid-caps, Intrakat and Intracom are down slightly by 0.4%, while Premia is marginally up.

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