The third day of bullish reaction at the Athens Stock Exchange completely ignored the coordinated downward sentiment internationally under the new geopolitical concerns in the Middle East and minimized the losses of a difficult week, taking even more distance from critical technical support levels.
Specifically, the General Index opened at 1,371.5 points with a 0.69% drop but quickly limited losses. Around mid-trading, it moved into positive territory and then stayed there until the end to close at 1,391.62 points with a 0.84% gain, having moved within a range of 23.99 points (high at 1,395.57 points with +1.05%).
Turnover was satisfactory, especially given the negative global climate, reaching 125 million euros boosted by the April derivatives expiry, of which just 4.6 million were in 9 packages (2 at Piraeus for 1.5 million) with a trading volume of 23.7 million pieces.
The banking index was again lagging behind with +0.5% at 1,179.67 points, the FTSE was up 0.81% at 3,378.85 points and mid-cap FTSEM outperformed with a gain of 1.36% at 2,259.56 points.
Thus, on a weekly basis, the GM ended the five-day period at -0.57%, with the banking index down -1.88% over the same period, while the FTSE lost 0.5% and the FTSEM fell marginally by 0.09%
A strong boost to the market today was given by the shares of the Stasinopoulos Group which had all of the best performance of the day, Cenergy at €7.3 with a rally of 5.19% (turnover of €1.8 million), Viohalco at 5.59 euros with +4.88% (1.19 million) and Elvalhalkor at 1.9 euros with +3.83% (333 thousand euros).
In the main buyers' picks, Terna Energy topped the day's turnover with €24.4 million, closing at 18 euros with +0.8%, and Mytilineos was at €37.04 euros with a new 1.15% rise (10.15 million euros). ) PPC at 11.05 euros with +1.28% (7.4 million) OPAP at 16.43 euros with +1.73% (7 million) and Jumbo at 27.26 euros with a second day of strong gains at +2.87% (5.2 million) Labda rallied an impressive 4.39% to 6.9 euros (with a turnover of 2.65 million euros), GEK Terna was up 1.1% to 16.24 euros (1.7 million euros), and EYDAP was at 5.69 euros (+1.97%) (138 thousand euros).
On the other hand, sellers in the FTSE focused on OTE (4.7m) with -1.2% at 13.81 euros and Motor Oil (2.8 million) at 25.8 euros with -1.23%, which were the only negative stocks in the index.
With Profile up 8.17%, AVAX and Intracom up about 3.7%, and Intrakat up 2.42% on a 1.5 million turnover, the situation in the mid-cap sector was even better. Elsewhere, Reds (€642k) jumped 9.76% to €2.70 on turnover after the 38.79% takeover proposal by Ellaktor (+0.6% on transactions worth €1.3m)
