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Succumbing to banking pressures | TheGreekDeal.com
Athens Stock Exchange
Succumbing to banking pressures
Today, on May 28, the Athens Stock Exchange closed around 1,470 points, as sellers took control and drove the General Index down 2% from its previous peak of 1,502 points.
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The Athens Stock Exchange folded today (28/5) in the region of 1,470 points, with sellers regaining the reins and leading the General Index to -2% from the recent highs of 1,502 points.

Somehow, the pattern of assimilation of gains continued for another session, with investors avoiding taking additional risk despite the satisfactory Q1 2024 fundamentals.

In more detail, during today's session, the General Index declined mildly by 0.65% to 1,471.63 points, losing about 10 points compared to Monday's close (1,481.23 points).

The banking index showed significant losses, ending at -1.38% and 1,306 points, essentially losing what it gained in yesterday's session.

Alpha Bank's shares contracted to -2.21% and EUR 1.68, Piraeus' shares closed at -1.55% and EUR 3.75, National Bank's shares traded at -1.18% and EUR 8.39; and Eurobank's shares folded to -0.94% and EUR 2.10.

In the high-cap index (-0.79% and 3,571 points), Viohalco shares slid to -4% and 6.18 euros, with Titan Cement shares following at -1.75% and 30.8 euros. Shares of Autohellas, Quest Symmetry, Aegean, Sarantis, Ellaktor, and OPAP also lost more than 1.5%. At the same time, shares of Mytilineos and Motor Oil declined by 0.9% and 1.2%, respectively. On the contrary, Coca - Cola's shares recovered what they lost yesterday and somehow strengthened to +2.2% and 32.4 euros, approaching the resistance of 32.8 euros.

As for the mid-cap index (+0.03% and 2,358 points), Intracom Holdings' shares stood out positively at +5.4% and 3.8 euros, ahead of tomorrow's General Meeting. And Kri Kri's shares expanded by 2.2%, with PPA following at +1.2%. On the flip side, Intrakat's shares lost at least 1.5%, while EYATH's shares fell by 2.5%. Intralot and AVAX closed at -1.5%.

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