With no strength to make a positive reaction after the rather unexpected mini sell-off, Athens Avenue appears to be on the decline and banks continue further down.

In particular, the General Index is trading at 1,413 points (-0.1%) and turnover at 34 million euros, while 8.7 million pieces have been traded.

The banking index is down a fresh 0.8% at 1,188 points, the FTSE is down -0.2% at 3,424 points and the mid-cap FTSEM is essentially unchanged at 2,292 points.

The market has returned violently (well) below 1,420 points, immediately giving back the gains of the four-day rally with which it closed last week, recording a 1.67% loss - which is the biggest fall in two and a half months since the global sell-off of August 5.

The movement is down for all four systemic banks, although not with the intensity of yesterday's selling, but without the positive "signal" from JP Morgan having changed much in the picture.

Eurobank is under the most pressure, retreating to EUR 1.91 at -1.7%, Alpha and Piraeus are down around 0.6% and NBG is doing somewhat better today, limiting losses to 0.4% at EUR 7.348.

Boosting the market is Cenergy which is firmly at the top of the FTSE with +1.5% at €8.75, with "heavy" Coca Cola providing additional help with +0.9%.

Aegean is up around 1%, with OTE up +0.7% and PPC up +0.4%, while still marginally positive on the FTSE are Hellaktor, ELPE and OPAP with subtle gains of up to +0.2%.

Beyond Eurobank, Titan is under intense pressure at -1.8%.

Among the remaining sellers' picks, GEK TERNA is moving -0.8% after the AGM approved the sale of TERNA Energy to Masdar. Intralot tops the FTSEM at +2.8%, with Profile close behind at +1.9% and EYAPS at +2.2%. Conversely, Quest corrects immediately to -1.7%, Intrakat moves to -0.75% and ADMIE to -1%.