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Banks were the negative protagonists of the day | TheGreekDeal.com
Athens Stock Exchange
Banks were the negative protagonists of the day
The Athens Stock Exchange managed to close today (4/9) close to the high of the day, which "collected" the intra-day liquidations and absorbed a large part of the exogenous pressures.
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The Athens Stock Exchange managed to close today (4/9) close to the high of the day, which "collected" the intra-day liquidations and absorbed a large part of the exogenous pressures.

In this way, the Greek market managed to significantly limit the "damage" from the global sell off, which was triggered after the disappointing macroeconomic data in the US and the resumption of recession scenarios in the world's No. 1 economy.

In fact, the buyers' demarrage towards the end of the day allowed Athens to stay close to the short-term target of 1,450 points. However, it is clear that volatility remains elevated in yet another sign of a volatile September.

Specifically, in the third session of the week, the General Index posted a controlled decline of 0.71% to 1,435.79 points, losing 10 points from Tuesday's close (1,446.09 points) but recovering nine points from the daily low (1,426.87 points).

The arc of the daily fluctuations was fixed at 10 points (from 1,426.87 to 1,436.20 points), with the turnover of the trades ranging at 97 million euros, of which 20.3 million euros were pre-agreed packages. 

The banking index, although it "bore" the brunt of the pressure, "clipped" the final losses almost in half, as it finished at -1.05% and 1,261 points.

NBG shares slipped to -1.90% and 7.742 euros, Alpha shares narrowed to -1.27% and 1.559 euros, Eurobank shares traded at -0.98% and 2.03 euros, while Piraeus shares fell to -0.23% and 3.974 euros.

In the high-cap index (-0.81% and 3,483 points), Metlen shares retreated by 2.03% and fell below 34 euros. A similar range of pressure (-2.05%) was also seen in the PPC share, which folded to EUR 11.4. Autohellas and Ellaktor shares, at the same time, fell by 1.5% and 1.9%, respectively. Shares of Titan, Viohalco and GEK Terna also contracted by at least 1%. For its part, OPAP, after the 0.6 euro pre-dividend, was unchanged at 16 euros, while Aegean was also stable at 11.2 euros, thanks to the deal with Volotea. Finally, OTE gained 1.2% and returned above 15 euros.

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