The Athens Stock Exchange was once again disappointing, with sellers dominating for the 5th consecutive session, bringing to the fore once again the supports of 1,400 points.

Despite the positive sentiment in Europe, following the second ECB rate cut this year, the Greek market continued to experience volatility, pushing further away the target of convergence with the year's highs of 1,502 points.

All this, in fact, against the strong first-half corporate financial results and the widespread expectations for a Greek rating upgrade by Moody's (announcement tomorrow at midnight).

Specifically, in the 4th session of the week, the General Index recorded mild losses of 0.47% and ended near the daily low of 1,406.91 points, losing at least 6.5 points compared to Wednesday's close (1,413.54 points).

The arc of daily fluctuations was fixed at 20 points (from 1,405.18 to 1,425.17 points), with a turnover of 129 million euros, of which 39.7 million euros were pre-agreed packages.

The banking index could not escape the liquidations, sliding -0.79% and 1,210 points, waiting for the decisions on the latest HFSF placement.

NBG shares retreated -2.49% and 7.29 euros, Eurobank shares followed at -0.59% and 1.9485 euros, Alpha shares were almost unchanged at 1.50 euros, while Piraeus shares widened +0.47% and 3.886 euros.

In the high-cap index (-0.46% and 3,409 points), PPC shares slipped -2.6% and 11.1 euros, with Aegean shares following at -2.4% and 10.7 euros, which "pushed" the airline's valuation below 1 billion euros. Shares of Autohellas and Titan Cement followed with a decline of around -1.5%. On the flip side, OPAP shares halted their downward slide and marginally strengthened to 15.6 euros. Ellaktor and Elvalhalcor both increased by 0.8% at the same time.

As for the mid-cap index (+0.10% and 2,289 points), Intracom Holdings' shares stood out negatively at -2.3% and fell below the EUR 3 supports. Thrace Plastics, Techniki Olympiaki, Kri Kri and Intralot fell by at least 1%. In contrast, Quest shares gained a further 2.7% to reach EUR 5.2. Fourlis, Intrakat and IPTO expanded by around +1%. A special mention should be made of Attica Bank, which slid by 20% after the listing of 5.5 million shares resulting from the merger with Pancretia.