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ASE: Closed Below 700 Units

The General Index of the Athens Stock Exchange closed at new low levels, below 700 units for the first time since January.
The sentiment of the Greek board was sluggish throughout the volume of trade, with shares of FTSE 20 absorbing the 18.18 million from the “poor” overall turnover which did not exceed 23 million.
From the FTSE20 index, the rise of OTE stood out, which ended today at a day’s high after yesterday’s heavy losses. In contrast, NBG, Eurobank, Marfin and Hellenic Postbank declined, closing at day lows.
The feeling among analysts, given the “frozen” image of the Greek market and the attitude, is that the next technical support for the overall index will be in test, if negative sentiment in European stock markets will be maintained.
Pending the election result on May 6, and in clarifying the final terms of the recapitalization plan for the banks, they believe that any eventual rise in the market should be seen as a short single character.
On the board, the General Index closed at 697.82 points, down 0.62%, after a range of 11 units.
(source: capital)

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