The Athens Stock Exchange plunged to its lowest levels since January 19 today (5/8), which surrendered to the ongoing global sell off, resulting in cumulative losses in the last two days exceeding -9% (the worst two days since March 2020).

The General Index, not showing the slightest resistance to exogenous challenges, lost all critical supports, losing the 200-day moving average (1,375 points) and reversing the upward long-term trend.

Besides, the Greek market had little room for manoeuvre, considering what is happening abroad, where the scenario of a possible recession in the US economy and the tense climate in the Middle East have triggered a widespread wave of liquidation.

Typical of the situation is the fact that the pan-European Stoxx 600 is sinking to 6-month lows, while Japan's Nikkei is slumping 12% in its worst session since 1987. The Dow Jones is also down 900 points on Wall Street.

PICTURE ON BOARD 

The banking index closed in... red as it plummeted -7.56% to 1,159.77 points, recording its worst session since March 2023 and 14% away from this year's highs of 1,354 points.

Piraeus shares narrowed to -9.17% and EUR 3.478, Eurobank shares folded to -7.74% and EUR 1.8885, Alpha Bank shares traded at -7.07% and EUR 1.512, while National Bank shares contracted to -6.59% and EUR 7.174.

In the high-cap index (-6.53% and 3,260 points), Hellenctor's shares slumped to -9.18% and 1.8 euros, while Aegean, Helleniq Energy, Lamda, Metlen, Titan Cement, Viohalco, GEK Terna, PPI, Elvalhalcor Ellaktor, EYDAP, and Motor Oil shares lost between 6% and 8%. At the same time, shares of OPAP, OTE, AIA, Sarantis, Jumb, Coca Cola, Cenergy and Autohellas lost between 3% and 5%.

As for the mid-cap index (-6.26% and 2,103 points), shares of Profile and AVAX stood out negatively at -10%, with shares of Fourlis, Ideal, Lavipharm, Quest, EXAE, Intracom, Intralot,  and Optima down between 7% and 9%. For their part, shares of EYATH, Kri Kri, PPA and Thrace Plastics followed with a decline of up to 5%.