The Greek Deal.com
New sell-off and retreat under 1,430 points | TheGreekDeal.com
Athens Stock Exchange
New sell-off and retreat under 1,430 points
Under fresh pressure, the Athens Stock Exchange fell today (4/6) to its lowest level since April 22. This continued the sideways-bottoming trend.
Newsroom
TIME TO READ
1 min
Unsplash

Under fresh pressure, the Athens Stock Exchange fell today (4/6) to its lowest level since April 22. This continued the sideways-bottoming trend.

Ignoring positive fundamentals and optimistic corporate developments, the Greek market surrendered to sellers, who rushed to digest the recent highs of 1,502 points.

More specifically, in today's session, the General Index fell sharply by 1.57% to close near the daily low of 1,424.69 points, losing about 23 points compared to Monday's close (1,447.41 points).

The banking index came under considerable pressure, ending -2.29% and 1,235 points, some 9% away from this year's multi-year highs.

Piraeus shares contracted to -2.95% and EUR 3.589, Alpha Bank shares, which came to the markets with a EUR 500 million bond, were limited to -2.53% and EUR 1.54, National Bank shares traded at -2.99% and EUR 7.858, while Eurobank shares, which announced a public offer to Hellenic Bank of Cyprus, were down -0.83% and EUR 2.03.

In the high-cap index (-1.61% and 3,440 points), OPAP shares contracted by at least 2.2% and folded at 14.5 euros. The shares of Hellaktor, PPC, and Aegean also experienced losses of more than 2%. At the same time, Autohellas tumbled 3.3%, with shares of Helleniq Energy, Jumbo, Elvalhalcor, EYDAP, and Motor Oil trailing by more than -1.5%. Mytilineos' shares, for its part, fell just 0.4%. On the contrary, Sarantis' share gained almost 2%.

As for the mid-cap index (-1.47% and 2,315 points), Intracom Holdings' shares stood out negatively at -2.7% and 3.5 euros. Shares of EXAE, Techniki Olympiaki, Intralot, and Profile followed with a decline of more than 2%. Meanwhile, shares of Austriacard, Ideal, Lavipharm, Premia, ADMIE and PPA lost at least 1.5%. A special mention should be made of Eurosymbouloi SA, whose shares rose +2.3% and EUR 1.31, thanks to the high unrealized value and to the acquisition scenarios.

READ ALSO