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Significant support to remain at the 1,450 levels | TheGreekDeal.com
Athens Stock Exchange
Significant support to remain at the 1,450 levels
Marginal changes on the stock exchange with an eye on inflation and company results.
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With profit-taking moves and small fluctuations, Athens Avenue is still moving today in the last session of April, while inflation data in the eurozone had no surprises and investors are evaluating the barrage of economic results.

Specifically, the General Index is trading at 1,457 points with a marginal increase of 0.14% and turnover at 98 million euros as Austriacard's placement packages are going through and 20 million units have been traded.

Marginal changes on the stock market with an eye on inflation and results The banking index is down 0.17% at 1,254.3 points, the FTSE is up 0.17% at 3,540 points; and the mid-cap FTSEM is up 0.15% at 2,377 points.

Otherwise, inflation had no surprises, with the eurozone headline consumer price index unchanged at 2.4% in April as expected, while the structural one fell to 2.7% from 2.9%. In Greece, inflationary pressures eased slightly to 3.2% y/y from 3.4%.

After another strong quarter, index heavy Coca Cola which saw its revenues rise 12.6% is up 0.8% giving support to the market, while ELPE is up +1.6% and Mytilineos is up +1%. 

Banks are down, with sellers focusing on Piraeus which weighs on the board at -2.4%, indicating that they had discounted its strong first quarter numbers, with a profitability of 233 million and a return on equity of 16.5%.

Also down 1.3% is ΝΒG despite becoming the first bank to regain investment grade status, Alpha is down modestly by 0.6% while Eurobank diversifies with a 0.65% gain.

Also on the corrective side are OPAP at 1.2% which sees continued pressure after its dividend cut yesterday, Quest at -1.5%, GEK Terna at -0.9% after its own results yesterday and Lamda and Jumbo at -0.7%. 

In mid-cap Austriacard is up 0.15% m3 with a turnover of 32.8mn in the 5-pack placement, Epsilon continues to hold steady at the EUR 12mn public offering price with 4.8mn while Kri Kri after yesterday's correction is up 2.35% today.

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