The 10th negative close in the last 12 sessions, the Athens Stock Exchange completed its 10th negative close in the last 12 sessions, with sellers reversing the morning lead of buyers.
As a result, the Greek market remained trapped near the critical 1,400-point supports, failing to react under the weight of successive capital raisings, which have drained the available liquidity.
Somehow, Athens has continued the negative "picture" of the last few days, which has led to a cumulative fall of at least 4% from the 1,471 points of 27 September.
All this while the investment community is waiting for the Eurozone central bank to make a new interest rate cut on Thursday and for S&P to publish its next report on the Greek economy (BBB-, positive outlook) on Friday.
Specifically, in the first session of the week, the General Index declined slightly by 0.37% to 1,411.49 points, losing about 5.5 points compared to Friday's close (1,416.78 points).
The arc of daily fluctuations was fixed at 14 points (from 1,410.77 to 1,424.19 points), with the turnover of transactions ranging at just 80 million euros, of which 3 million euros were pre-agreed packages.
The banking index "bore" the brunt of the pressure, as it finished -1.43% and 1,189 points, with the distance from this year's highs remaining in double digits (>10%).
NBG shares continued to decline at -2.47% and EUR 7.266, Eurobank shares followed at -1.81% and EUR 1.9535, Piraeus shares traded at -0.70% and EUR 3.674, while Alpha shares marginally strengthened at +0.17% and EUR 1.47.
In the high-cap index (-0.47% and 3,420 points), Cenergy's shares retreated to -2.7% and EUR 9.1. PPC's shares narrowed to -2% and EUR 11.4, with Motor Oil's shares falling further to -0.9% and EUR 20.5. Sarantis, GEK Terna, Titan and Viohalco also closed down -0.9%. On the flip side, Aegean shares reacted at +1.8% and EUR 10.2, in an attempt to recover from multi-month lows. Jumbo and ELVALHALKOR expanded by 0.8%, while Autohellas and Coca - Cola gained 1.1% and 1.4%, respectively.
The purchase of a majority stake in Benroubi helped Quest shares increase by 5.1% and 5.3 euros, which helped the mid-cap index (+0.27% and 2,288 points). Fourlis and EXAE followed at +2% and +1%, respectively. On the other hand, Austriacard shares lost 1.2%.
