The Greek Deal.com
Drop below 1,500 points | TheGreekDeal.com
Athens Stock Exchange
Drop below 1,500 points
The Athens Stock Exchange started the new week on the left, as sellers maintained the "reins" for the second consecutive session (preceded by Friday's drop).
Newsroom
TIME TO READ
1 min

The Athens Stock Exchange started the new week on the left, as sellers maintained the "reins" for the second consecutive session (preceded by Friday's fall).

Weak sentiment abroad, as a result of forecasts for one or even... no reduction in US interest rates in 2025, did not help the Greek market, which "fell" below 1,500 points, burning some of the... fat from January's gains.

Somehow, Athens faced the first test of investment psychology for the new year, as strong US labor market data seems to put plans for further monetary easing on ice, "clipping" the global appetite for additional risk. 

Specifically, at the start of the new week, the General Index posted a notable -0.90% decline to 1,490.22 points, losing 13.5 points from Friday's close (1,503.73 points).

The arc of daily fluctuations was fixed at 12 points (from 1,487.71 to 1,499.13 points), with a turnover of 118.36 million euros, of which 11.6 million euros related to pre-agreed packages. 

The banking index, after the successive highs of the previous week, came under pressure, correcting -1.33% and 1,342 points.

Eurobank shares slipped -2.43% and EUR 2,286, Piraeus shares followed at -1.65% and EUR 4,121, Alpha shares traded -1.11% and EUR 1,699, while NBG shares fell slightly to -0.37% and EUR 8.02.

READ ALSO