The Athens Stock Exchange suffered its worst losses since the mini crash of August today (22/10), with the banking sector's retraction bringing back to the fore the supports of 1,400 points.
The lower Goldman Sachs target prices seem to have accelerated capital outflows from the Greek market, which remained trapped in volatility, lacking even the support of foreign exchanges.
As a result, Athens closed at the low of the day and moved back away from the 1,450 resistance level, taking the cumulative losses of October to -2.5% and widening to -6% the distance from the multi-year highs of May (1,502).
Specifically, in the second session of the week, the General Index declined significantly by 1.67% to 1,414.65 points, losing more than 24 points compared to Monday's close (1,438.72 points).
The arc of daily fluctuations was fixed at 26 points (from 1,414.01 to 1,440.83 points), with a turnover of 132 million euros, of which 20.2 million euros were pre-agreed packages.
The banking index remained in negative territory for the second consecutive day, as it finished -2.29% and 1,197 points, in the shadow of new reports from international analysts.
Piraeus shares fell -3.74% to -3.74% and EUR 3.73; Eurobank followed at -2.99% and EUR 1.95; Alpha shares traded -2.40% and EUR 1.466; while ΝΒG shares fell -0.1% to -0.1% and EUR 7.376.
In the high-cap index (-2.02% and 3,432 points), PPC shares plummeted -4% and 11.7 euros, with Viohalco and Cenergy shares losing 3.8% and 3.1%, respectively. Metlen, Aegean, Hellaktor, Motor Oil and OTE fell 2%, while shares of OPAP, Elvalhalcor, GEK Terna, Lamda, Jumbo, Coca Cola and Autohellas slid between 1% and 2%. It is indicative that none of the FTES Large Cap companies managed to close in positive territory.
As for the mid-cap index (+1.11% and 2,293 points), Intracom shares stood out negatively at -3.52% and 2.8 euros, remaining below 3 euros. EXAE, AVAX, and Ideal followed at least at -2%, while shares of Optima Bank, Techniki Olympiaki, Plastic Thrace, ADMIE, Trade Estates, Profile, and Intrakat folded more than 1%. On the other hand, Quest's shares gained strongly to +3.7% and €5.7 thanks to the deal on the agreement to sell 20% of ACS Courier.
