Athens Stock Exchange: The General Index struggles to reach 1,400 points

The General Index of the Athens Stock Exchange opened with small losses, which is a breath away from the 1,400-point target, while Motor Oil’s shares are in the spotlight today, following MSCI’s surprise decision to leave it out of the MSCI Standard Greece index.

With the removal of the listed company’s share, the index is left with nine stocks, as there was no replacement: OTE, OPAP, Jumbo, PPC, Eurobank, Alpha Bank, Ethniki, Piraeus, and Metlen. And it is expected to trigger significant capital outflows.

In addition, major capital inflows will be expected to be triggered, while a large number of major bankruptcies are expected to occur.
On the board, in the second session of the week, the General Index is down marginally by 0.21% to 1,395.26 points and turnover at 5.84 million euros.

Motor Oil shares plunge 5%, losing 21 euros, the lowest point in 20 months. Helleniq Energy and PPC lose 0.5% each. Shares of EVDAP, Hellenctor, and PPC are down 1%. On the flip side, shares of Cenergy OTE and ELVALHALKOR gain about 0.5%.

The banking index is up 0.50% at 1,238 points. Piraeus shares rise +1.02% to 3.869 euros, National Bank shares rise +0.67% to 7.56 euros, Eurobank shares fell marginally to 2.01 euros, while Alpha shares gain 0.26% to 1.554 euros.

The biggest rise was recorded by the shares: Evrofarma +3.92% and Lavipharm +3.00%, while the biggest decline is recorded by: Ilyda -4.01% and Biocarpet -3.07%.

In total, 36 stocks are moving up, 27 stocks are down, and 15 stocks remain unchanged.

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