The Athens Stock Exchange completed the third consecutive downward session, which recorded the largest daily losses in almost two months (since the sell-off of August 5).
As a result, the Greek market moved further away from the 1,450 mark and fell below the 1,430 mark, while the short-term trend has again "turned" into negative territory and investors are rushing to liquidate part of their positions.
Undoubtedly, the placement in the National Bank of Greece for 10% of the HFSF played a key role in this downward movement, due to the absorption of a large part of the available liquidity. The book of offers closed with a significant oversubscription and now the question is the price of the placement. Recall that the range was revised three times before being set at EUR 7.55 to EUR 7.65.
The unstable situation in the Middle East, where the likelihood of a direct and all-out conflict between Iran and Israel has sharply increased in the wake of the most recent dramatic events, added more water to the mill of uncertainty at the same time.
All this negatively affected the General Index, which recorded a remarkable 1.26% decline to 1,428.81 points, losing more than 18 points compared to Tuesday's close (1,447.03 points). And for the week as a whole, the decline exceeds -2.9%.
The arc of daily fluctuations was fixed at 16 points (from 1,423.93 to 1,439.43 points), with a turnover of 196 million euros, of which 69.7 million euros related to pre-agreed packages.
The banking index remained in the focus of sellers, ending -1.54% and 1,219 points, at least 10% away from this year's "peaks".
Alpha shares "sank" to -3.03% and EUR 1.49 (3-month low), Eurobank shares were limited to -2.32% and EUR 1.975, Piraeus shares traded at -1.85% and EUR 3.72, while NBG shares remained stable at EUR 7.65, with a turnover of over EUR 74 million.
In the high-cap index (-1.49% and 3,457 points), OTE shares fell 2.2% and "clipped" to 15.3 euros, correcting from the highs of 16 euros. Shares of ELVALHALKOR, PPC, Viohlaco and Cenergy lost at least 2%, with Metlen and Aegean sinking more than -3%. Autohellas, Helleniq Energy, Jumbo, Titan, GEK Terna, Sarantis, Motor Oil and OPAP were down 1%. In contrast, Coca - Cola shares rose 1.3% to €32.3.
As for the mid-cap index (-1.21% and 2,303 points), Intracom's share stood out negatively at -2.5% and EUR 3.03, with Intralot's share following at -2.4% and EUR 1.11. Lavipharm and ABAX shares also fell by more than 3%, while shares of Fourlis, Profile, Quest, Trade Estates, EYATH, Kri Kri and Thrace Plastics declined by more than 1%. The shares of EXAE, for its part, contracted -2.7% to EUR 4.4.
