The Greek Deal.com
Hesitancy towards 1,500 points | TheGreekDeal.com
Athens Stock Exchange
Hesitancy towards 1,500 points
The Athens Stock Exchange is hesitant today (16/5), as sellers are consolidating some of the recent gains and investors are not racing to break through the 1,500 resistance level.
TIME TO READ
1 min

Today (16/5) the Athens Stock Exchange is hesitant, with investors not rushing to break the 1,500 resistance level and sellers consolidating some of the recent gains.

At the same time, attention has now turned to the Q1 2024 corporate results, with Alpha Bank, Eurobank, and Helleniq Energy standing out from the list and attracting the most interest.

In more detail, during today's session, the General Index declined slightly by 0.38% to 1,488.03 points, losing 5.5 points compared to Wednesday's close (1,493.65 points).

The banking index, after 8-year highs, retracts to -0.70% and 1,301 points, pending Eurobank's fundamentals.

National Bank shares retreat to -1.98% and 8.332 euros, Eurobank shares fall to -0.32% and 2.05 points, Piraeus shares trade at -0.67% and 3.858 euros, while Alpha Bank shares dynamically strengthen to +1.45% and 1.664 euros.

In the large-cap index (-0.38% and 3,6104 points), Helleniq Energy's shares are down 1.4% and correcting from 4.5-year highs ahead of the afternoon's quarterly earnings releases. Jumbo is also down 1.7%, while Lamda Development, Titan Cement, and Motor Oil follow at -1%. On the other hand, OTE shares gain 1%, with Viohalco shares gaining 1.5%.

As for the mid-cap index (+0.22% and 2,391 points), Intralot shares stand out positively at +2.8% and 1.17 euros, recovering from the recent correction. The shares of Kri Kri-LLavipharm also rise by more than 2%, while the shares of Intracom Holdings expand by 1%. In contrast, PPA and Intrakat lose 1% and 2%, respectively.

READ ALSO