The Athens Stock Exchange was under the stranglehold of intense liquidations today (29/5), with the domestic market recording the worst daily losses since April 16, i.e. the last 1.5 months.

As a result, the General Index slumped below the 1,467-point supports and closed at its lowest point since April 25, with investors continuing to digest the gains.

Negative sentiment abroad undoubtedly played a key role in the retraction, while buyers conspicuously ignored both the resilient first quarter fundamentals and new business deals.

More specifically, during today's session, the General Index declined sharply by 2.00% to 1,442.21 points, losing almost 30 points from Tuesday's close (1,471.63 points).

The banking index was put at the center of the liquidation, as it tumbled -3.48% and 1,261 points, completing the second consecutive negative session.

Alpha Bank shares fell -3.93% and EUR 1,614, Eurobank shares fell -3.81% and EUR 2.02, National Bank shares ended down -3.27% and EUR 8,116, while Piraeus shares closed down -2.96% and EUR 3,639.

In the high-cap index (-2.26% and 3,491 points), Motor Oil shares tumbled 4.3% and folded to 26.8 euros, as analysts were not impressed by the first quarter figures. PPC shares also lost more than 3%, with OTE, Aegean, Viohalco and Helleniq Energy trailing by at least 2%. Shares of Coca-Cola, Jumbo, Lamda, Titan, Elvalhalcor, Mytilineos, and Ellaktor lost more than 1%. On the flip side, the shares of Quest Symmetries were up +1.1% and EUR 5.3.

As for the mid-cap index (-1.46% and 2,323 points), Intracom's shares stood out at -4.4% and 3.6 euros, in the wake of the mega deal for the acquisition of Europa Insurance and the Intracom Properties - KLM - Europe merger plan. Beyond that, shares of Techniki Olympiaki, ADMIE, Profile, Premia and Lavipharm lost 1% each, with shares of Austriacard, Fourlis, Ideal, AVAX, Alumil, EXAE and Kri Kri following at -1%.