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Athens Stock Exchange
Sellers finally prevailed
The Athens Stock Exchange completed the third consecutive downward session today (10/9), with sellers reversing the positive opening picture and driving the General Index to the daily low.
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The Athens Stock Exchange completed the third consecutive downward session today (10/9), with sellers reversing the positive opening picture and driving the General Index to the daily low.

In this way, the Greek market remained trapped in the familiar narrow range of the last few weeks, with 1,450 points constituting the temporary "ceiling" and 1,400 points being the main support. All this is accompanied by a disappointing trading value.

However, it is possible that in the coming days there could be a breach of this range, either upward or downward, as investors await both interest rate decisions and Moody's verdict on the investment grade.

Specifically, in the second session of the week, the General Index fell slightly by 0.56% to 1,426.10 points, losing eight points compared to Monday's close (1,434.17 points).

The arc of daily fluctuations was fixed at 15 points (1,426.07 to 1,441.27 points), with the turnover of transactions not exceeding 89 million euros, despite the fact that 20.5 million euros related to pre-agreed packages. 

The banking index, which is waiting for the final decisions of the HFSF on ΝΒG and the listing of Bank of Cyprus to the Exchange, continued its retracement, ending at -1.06% and 1,232 points.

The Piraeus share was limited to -2.06% and EUR 3.898, the Eurobank share followed at -1.59% and EUR 1.98, the Alpha share traded at -1.30% and EUR 1.52, while the  ΝΒG share "held" at +0.11% and EUR 7.554.

In the high-cap index (-0.74% and 3,455 points), the shares of Aegean, which will publish its half-year figures tomorrow, slipped -2% and 11.1 euros. Ellaktor and OTE followed at -2% and -1.7%, respectively, with the latter falling below 15 euros. PPC, Motor Oil, Jumbo, and Helleniq Energy closed with losses of more than 1%. Shares of AIA, which announced its first-half results this afternoon, fell by almost 0.8%. On the flip side, Coca-CCola's shares gained 2% and recovered to 34 euros, climbing to their highest level in 4.5 years.

As for the mid-cap index (-0.39% and 2,304 points), Quest Holdings' shares stood out negatively at -2.1% and EUR 5.1, with Profile, PPA, and Dimand shares down 1.2% to 1.7%. Intralot and Intracom lost 1% each. In contrast, shares of Ideal Holdings rose +1.5% to +1.5% and 5.8 euros.

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