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Marginal losses with banks «saving» the day | TheGreekDeal.com
Athens Stock Exchange
Marginal losses with banks «saving» the day
Today (17/5), there was a lot of volatility on the Athens Stock Exchange. The market was unable to hold the intraday highs, which delayed the breaking of 1,500 points and caused it to close in slightly negative territory.
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Strong volatility prevailed today (17/5) on the Athens Stock Exchange, which failed to maintain its intraday highs, thus postponing the breach of 1,500 points and ending in marginally negative territory.

Nevertheless, during the day, the Greek market reached 1,505 points and the highest levels of the last 13 years, which, of course, it then lost due to the investors' intention to consolidate some of the gains.

More specifically, during today's session, the General Index recorded a subtle 0.08% decline to 1,490.46 points, losing one point compared to Thursday's close (1,491.71 points).

In any case, with the 1.5% bullish outbreak on Wednesday, the market, even with small gains, finally closed the week positively, and with the rotation of securities holding back the losses, it maintained intact its contact with the 1,500 points.

For the week as a whole, the GI recorded small gains of 0.43%, while the banking index jumped 2.5%. The FTSE in the same period was up +0.63%, and the FTSEM was up +0.33%.

Alpha Bank's shares climbed +2.61% and 1.71 euros, National Bank's shares rose +1.29% and 8.458 euros, Eurobank's shares traded +0.38% and 2.108 euros, and Piraeus' shares were limited to -0.36% and 3.852 euros.

In the high-cap index (+0.06% and 3,621 points), the shares of Elvalhalcor gained +3.2% and reached the edge of 2.10 euros. PPC shares followed with a gain of 1.6%, while Viohalco shares expanded by 1.1%. On the other hand, GEK Terna and OPAP contracted by 2.1% and 1.5%, respectively, while Lamda's decline was set at -2.6%. Shares of Terna Energy, Sarantis, Quest, Jumbo and Helleniq Energy also lost more than 1%.

As for the mid-cap index (+0.34% and 2,400 points), Intracom Holdings' shares stood out positively at +3.8% and 3.7 euros, with Intralot's shares continuing the fightback, climbing +1.9% and 1.18 euros. Fourlis and Lavipharm also posted gains of around 1%. On the flip side, shares of EXAE slid 1.1%.

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