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Leverages 13-year high | TheGreekDeal.com
Athens Stock Exchange
Leverages 13-year high
The Athens Stock Exchange today (9/5) is assimilating the strong gains of the last period, with sellers having a small lead over buyers.
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The Athens Stock Exchange today (9/5) is assimilating the strong gains of the last period, with sellers having a small lead over buyers.

Nevertheless, liquidations do not threaten gains, with the Greek market holding near 13-year highs of 1,473 points, offering a 14% return through 2024.

Undoubtedly, sentiment in Athens remains positive, as successive business deals and strong fundamentals support valuations of listed companies, many of which are "figuring" at multi-year highs.

More specifically, in today's session, the General Index recorded a controlled decline of 0.31% to 1,469.03 points, losing 4.5 points compared to Wednesday's close (1,473.53 points).

The arc of daily fluctuations extends to nine points (from 1,467.59 to 1,476.34 points), with a turnover of 191 million euros, of which 134 million euros are pre-agreed packages.

The largest package "passed" to Jumbo, with Apostolos Vakakis transferring 3% at a price of 27.2 euros/share (108.8 million, the value of the deal). The large discount, as is understandable, puts pressure on the stock, which slumped by 7%.

The banking index is trying to digest the 8-year highs, resulting in a controlled retreat today to -0.57% and 1,269 points.

The shares of Piraeus decline to -1.40% and EUR 3.736; Alpha Bank's share is limited to -1.36% and EUR 1.5985; National Bank's share follows at -0.86% and EUR 8.07; and Eurobank's share strengthens to +0.89% and EUR 2.052.

In the high-cap index (-0.59% and 3,561 points), Jumbo's share shrinks to -7% and 27.8 euros as investors close the discount to the offer price of 3% of the share capital (27.2 euros). Less pressure is exerted on the Aegean, which retreats by 1%. The Mytilineos share, on the other hand, falls by 0.3% and marginally loses 39 euros. On the opposite side, Titan Cement's shares soar +3% to 31 euros, thanks to the satisfactory first quarter figures on the one hand and the intention to list the US subsidiary on the New York market on the other. Quest also jumps by 2%.

In terms of the mid-cap index (-0.41% and 2,360 points), Intrakat's share stands out negatively at -1.5% and 5.31 euros, while shares of Techniki Olympiaki, ADMIE, and AVAX also experience 1% losses. On the other hand, EYATH's shares soar to +2.5% and 3.2 euros, with the shares of EHAE following at +1% and 5.2 euros.

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