Increased volatility on the Athens Stock Exchange

Amid fluctuations and increased volatility, the Athens stock exchange, following the fragile investment climate in the European markets, closed yesterday with small losses (-0.20%). Greek stocks lost around 3.2 billion euros after the European elections and the announcement of snap elections in France, cutting their year-to-date gains to 10 billion euros. The value of the transactions yesterday amounted to 93.81 million euros, while the market was supported by the high capitalization shares of Lamda Development (+3.38%), with ZERKO, interests of the family of the shipowner Georgios Prokopios, acquiring 2% of the company at the price of 7.10 euros per share, through pre-agreed transaction (OTC), Jumbo (+1.64%) and Mytileneos (+1.48%). 48 stocks moved up, 55 down and 18 remained stable. The biggest increase was recorded by the shares of Akritas (+25.33%) and Xylemporia (p) (+8.30%), while Frigoglass (+5.77%), Intrakat (+2) stood out from the lower capitalization .83%) and Ideal (+2.33%). The eyes of the market are also focused on the evaluation of the ranking of the stock markets next Thursday, as there are some expectations that the AXA will be included in a watch list for a possible transfer to the developed markets within 12-18 months.