The Athens Stock Exchange managed to make a significant reaction today (6/8), recovering about 2% of the heavy losses of the recent sell-off, which cost more than 9 billion euros (the worst two-day period since 2020).
And while the General Index may have closed partially off the highs of the day (gains were as high as +3%), it is nevertheless positive that the domestic market showed signs of life, approaching the moving average of the last 200 days (1,375 points).
The mood of... counter-attack at home received support from abroad as well, with the Nikkei in Japan recovering by at least 10% and the Dow Jones starting the day with a satisfactory rise of 300 points. The exception was Europe, which remained stuck at 6-month lows.
Against this backdrop, in the second session of the week, the General Index posted a remarkable 1.98% gain to 1,367.78 points, up 26.5 points from Monday's close (1,341.23 points).
The arc of daily fluctuations was fixed at 28 points (from 1,355.44 to 1,383.60 points), with the turnover of transactions ranging at 160 million euros, of which 9.9 billion euros related to pre-agreed packages.
The banking index widened +1.88% to 1,181 points, recovering some of Monday's losses, which were the worst since March 2023 (-7.5%). However, intraday, it had reached +4%.
Piraeus shares gained +3.51% and EUR 3.60, Alpha Bank shares finished +1.82% and EUR 1.5395, NBG followed at +0.53% and EUR 7.212, while Eurobank shares rose +2.20% and EUR 1.93.
PICTURE ON BOARD
In the high-cap index (+2.24% and 3,333 points), OTE shares climbed +5.4% and 14.8 euros, taking back a significant part of yesterday's decline. Metlen, Motor Oil and PPC also rose strongly, gaining 4.9%, 4.3% and 5.3%, respectively. At the same time, shares of Elvalhalcor, Sarantis, Aegean and Autohellas rose from +2% to +3%.
As for the mid-cap index (+1.88% and 2,181 points), AVAX shares stood out positively at +3.78% and €1.26, with shares of Optima, Quest, Ideal, Fourlis, Kri-Kri, Intracom and Techniki Olympiaki following more than +2%. And the shares of Thrace Plastics climbed 3.9% and approached 4 euros. PPA, Profile, ADMIE, Lavipharm and Intrakat gained more than 1%. On the flip side, Dimand's shares narrowed slightly by 0.5%, not participating in the upward movement.
