The Athens Stock Exchange completed its fourth consecutive negative session today (27/6), which folded at the critical support of 1,400 points, recording a new 2-month low.
The prolonged uncertainty abroad and the absence of domestic catalysts are the main factors behind this downward movement, which has led to a -7% decline from the year's highs (1,502 points on 20/5).
And any loss of 1,400 points is likely to bring 1,380–1,360 points to the fore, testing the strength of the long-term trend, which to date remains positive.
More specifically, in today's session, the General Index declined mildly by 0.41% to end at the daily low of 1,400.43 points, losing about six points compared to Wednesday's close (1,406.24 points).
The arc of daily fluctuations was fixed at 11 points (from 1,400.41 to 1,411.17 points), with trading turnover at 127 million euros, of which 35 million euros were pre-agreed packages.
With the correction from this year's peaks exceeding 10%, the banking index managed to put a brake on losses, stabilizing at +0.24% and 1,209 points.
NBG shares recovered +2.25% and 7.80 euros, Piraeus shares gained +1.31% and 3.394 euros, Alpha Bank shares finished -0.24% and 1.4625 euros, and Eurobank shares folded -1.68% and 2.05 euros.
In the high-cap index (-0.42% and 3,391 points), Motor Oil shares continued their downward trend, losing 2.1% and reaching 23.3 euros. The shares of Mytilineos - Jumbo also showed losses of 1.5%, falling to 34.4 and 26.1 euros, respectively. Autohellas, Helleniq Energy and Sarantis lost up to 1.4%, with shares of Coca - Cola, GEK Terna, PPC, OPAP and OTE trailing between -0.7% and -0.9%. In contrast, Aegean shares soared +2.2% to €11.2. Cenergy and Hellaktor, finally, rose by 1%.
As for the mid-cap index (-1.15% and 2,231 points), Optima Bank's shares stood out negatively at -4.7% and 12 euros, correcting from recent historical highs. Shares of Quest and Fourlis were down at least 2%, while shares of Profile, ADMIE, and Technical Olympiaki followed at -1%. In contrast, Lavipharm's shares soared to +3.9% and EUR 0.84. Intrakat and EXAE gained 1.8% and 1.7%, respectively, with Kri Kri following at +1.3