The 3-day bullish streak on the Athens Stock Exchange ended ingloriously, as sellers regained control of the General Index and led it below 1,420 points.
The Greek market, in this way, confirmed once again its inability to overcome the narrow 1,400-1,450 point limit, where it has been trapped for 26 consecutive sessions—an example of prolonged sluggishness.
All this while investors' attention is focused on the US, where the Federal Reserve will announce its decisions on interest rates tonight. Yes, a cut is a given, but the range of intervention is "playing out" between 25 and 50 basis points.
Specifically, in the 3rd session of the week, the General Index declined by 0.72% to 1,419.50 points, losing at least 10 points compared to Tuesday's close (1,429.79 points).
The arc of daily fluctuations was fixed at 16 points (from 1,417.85 to 1,433.39 points), with a turnover of 68 million euros, of which 5.7 million euros were pre-agreed packages.
The banking index continued the pattern of weakness of recent weeks as it ended at -0.90% and 1,219 points, 10% off this year's highs.
Ethniki's shares narrowed to -1.69% and EUR 7,334, Piraeus' shares folded to -1.74% and EUR 3,793, Alpha's shares traded -0.19% and EUR 1,5685, while Eurobank's shares were almost unchanged at EUR 1.97.
In the High Capitalization index (-0.77% and 3,439 points), Motor Oil shares, after yesterday's adventure at the refineries, which continue to operate at reduced capacity, fell -1.3% and 21.3 euros. Titan and Metlen folded by 1.3% and 1.6%, respectively, while Coca - Cola narrowed by 1.1%. Jumbo and Elvalhalcor lost at least 1% each. In contrast, Cenergy's shares widened 0.6% and approached 10 euros.
As for the mid-cap index (-0.49% and 2,305 points), Intrakat's share stood out negatively at -2.4% and fell to 4.8 euros, while the shares of Intracom Holdings - Intralot fell by 1.8%. Dimand's share, at the same time, fell by 1.1%. On the contrary, Profile's shares rose +1.7% to 5.2 euros, while Ideal's shares rose +1% to 5.9 euros. At the same time, Kri Kri closed at +1.1% and EUR 13.4, which reached a new record level. A special mention should be made of Attica Bank, which continued its slide (-17%) ahead of the AMK.
