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ASE: The General Index in a 3-Month High

The General Index at Athens Stock Exchange closed above 800 units for the first time in three months. The banking index recorded a new 4-month high, from the composition of which stood out the double-digit percentage gains of Eurobank, Hellenic Postbank and Piraeus, and the intraday attempt of NBG to move over 3 euro.
The market’s nervousness remained unabated today on the board, with the range of the General Index to reach approximately 33 units (4.18%), while the banking index almost erased the gains of 5.4 % of the first minutes of the meeting, but was able to react again, expanding from 0.19% to the day’s-high of 491.76 points (7.29%).
As long as the “saga” of negotiations with the Troika and the agreement between the three political leaders on the new fiscal measures continues, the high volatility will remain a dominant feature of the Athens Exchange, according to market analysts.
According to them, the repeated postponements of the agreement have caused fatigue to the investing public, but given the uncertainty of the developments so far, it is still extremely difficult to forecast the short-term market trends.
On the board, the General Index closed up 2.19% at 802.21. Intraday was found up 3.30% at 810.92 points.
(source: capital)

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