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Edging closer to 1.450 points | TheGreekDeal.com
Athens Stock Exchange
Edging closer to 1.450 points
The Athens Stock Exchange returns today close to the critical 1,450 points, with buyers having a steady lead.
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The Athens Stock Exchange returns today (26/4) close to the critical 1,450 points, with buyers having a steady lead, boosted by the rally in the technology sector.

It is clear that the successive corporate deals are helping to further improve valuations, which provides support to the Greek market. As such, several stocks are at historical records or multi-year highs.

In this context, Athens Avenue is heading towards another 13-year high, while the yield in 2024 is already climbing to +12%. And on a weekly level, the sign - barring a shocking contingency - will be positive.

More specifically, in today's session, the General Index is up 0.92% to 1,448.41 points, gaining at least 12.5 points compared to Thursday's close (1,435.19 points).

The arc of daily fluctuations extends to 17 points (from 1,438.80 to 1,455.09 points), with a turnover of 58 million euros, of which 7.7 million euros are pre-agreed packages.

On the board, now, Epsilon's shares are the absolute leader (turnover of EUR 16 million), as the public offer of  Michos - NBG - General Atlantic at a price of EUR 12 "raises" the company's valuation to EUR 650 million from EUR 545 million until recently. It is therefore logical to see the stock rally 18.8% to reach EUR 12.

Beyond that, the new deal in the IT sector provides a boost to all similar listed companies. As an indication, Quest is climbing 7.7%, Ilyda 6.7%, Performance 4% and Real Consulting 2.8%

As for the rest of the board, the four banks are gaining up to 1%, with OPAP gaining around 1.5% and Mytilineos following at +1%, recovering the 38 euro level.

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