The Athens Stock Exchange landed close to the 1,400-point milestone today (26/6), with sellers dominating for the third consecutive session, bringing back to the fore the critical supports.
The General Index's inability to react towards 1,460 points is proving detrimental as the Greek market seems to have run out of fuel, which makes it highly vulnerable to the prolonged nervousness abroad ahead of the French elections.
At the same time, successive dividend cuts (to 13 listed companies in the last two days) have intensified the wave of liquidations, with the result that the 1,400 points have become decisive for the medium-term trend.
Against this backdrop, during today's session, the General Index recorded a remarkable 0.97% decline to 1,406.24 points, losing almost 14 points compared to Tuesday's close (1,420.06 points).
The arc of daily fluctuations was fixed at 20 points (from 1,399.55 to 1,419.75 points), with a turnover of 165 million euros, of which 20 million euros were pre-agreed packages.
The banking index was again put in the focus of sellers, as it fell -1.71% and 1,206 points, 10.5% away from the year's highs of 1,349 points.
NBG shares folded to -2.46% and EUR 7.628 (2-month low), Eurobank shares fell to -2.02% and EUR 2.085, Alpha Bank shares ended at -0.54% and EUR 1.466 (6-month low), while Piraeus shares were down -0.71% and EUR 3.35 (5-month low).
In the high-cap index (-1.08% and 3,405 points), Metlen's shares retreated -3.4% and 35 euros, while Motor Oil's shares slumped -5.2% and 23.8 euros. Beyond that, shares of Jumbo, AIA, and PPC lost between 1.6% and 1.9%. In contrast, Titan Cement shares recovered to +2% and EUR 29.5. The shares of OPAP also rallied by almost 3%, closing at 14.9 euros.
As for the mid-cap index (-1.12% and 2,257 points), AVAX shares, after the court defeat on the Lebanon project, slid -3.1% and 1.34 euros. Lavipharm's shares also fell by 4.9%, while Optima's shares, after consecutive historic highs, corrected -3%. Thrace Plastics, Profile, Intrakat, Ideal, and Austriacard followed with losses of more than 1%. On the flip side, Techniki Olympiaki gained 1.6%, and ADMIE gained 0.9%.
