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5th bullish week and new 14-year high | TheGreekDeal.com
Athens Stock Exchange
5th bullish week and new 14-year high
Today (24/1), the Athens Stock Exchange achieved a new 14-year high as buyers took control and took the lead.
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Today (24/1), the Athens Stock Exchange achieved a new 14-year high as buyers took control and took the lead.

The Greek market reached a "breath" from the resistance of 1,550 units, having as a strong ally on the one hand the positive climate abroad, and on the other hand bank shares, which, after the two-day assimilation, returned to the "peaks" of the last 9 years.

Somehow, Athens completed its fifth consecutive up week, improving its January cumulative return to levels above +5%, while valuations of listed companies remain absolutely attractive.

Specifically, in the last session of the five-day period, the General Index recorded a remarkable +0.95% increase to 1,544.13 points, gaining 14.5 points compared to Thursday's close (1,529.57 points).

The arc of daily fluctuations was fixed at 18 points (from 1,531.59 to 1,549.15 points), with a turnover of 125.9 million euros, of which 7.9 million euros related to pre-agreed packages.

Piraeus shares gained +2.60% and EUR 4,426, NBG followed at +2.04% and EUR 8.52, Alpha shares traded +1.63% and EUR 1,744, while Eurobank shares rose +1.46% and EUR 2,425.

In the high-cap index (+1.18% and 3,762 points), Metlen's shares expanded +2.3% and 34.5 euros, approaching a valuation of 5 billion euros (4.9 billion euros). Aegean shares, leaving behind yesterday's correction, soared +1.4% and 10.85 euros (4-month high), with AIA shares up +2.3% and 8.54 euros (11-month high). At the same time, PPC shares touched 13 euros for the first time since the summer of 2010 (12.95 euros), while shares of Viohalco, Motor Oil and OPAP gained around +1.5% each. Hellaktor and Lamda, on the other hand, fell by 0.5%.

As for the mid-cap index (+0.74% and 2,479 points), Aktor Group's shares stood out positively at +5.3% and 5.28 euros, pending the formal completion of the €200 million capital increase. Ideal's shares, thanks to the deal with Barba-Stathis, improved to +2% and 6.1 euros, with Lavipharm and Intralot shares following more than +1%. On the flip side, Fourlis' shares retreated to -1.2% and EUR 3.9, with shares of ADMIE and Techniki Olympiaki losing -0.9% and -0.7%, respectively.

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