The current week on the Athens Stock Exchange could be described as disastrous, with the General Index completing five consecutive negative sessions and falling below 1,400 points (2.5 months low).

In fact, the Greek market also saw the moving average of the last 200 days (1,396 points), which constitutes the informal dividing point between the positive and negative long-term trend, disappear.

All this resulted in the distance from the multi-year highs of May (1,502 points) to "open" close to -8%, with banks being an "open wound", having corrected by at least 15% from the July "peaks" (1,354 points).

Specifically, in the last session of the week, the General Index recorded a remarkable 0.88% decline to 1,390.25 points, losing almost 12.5 points compared to Thursday's close (1,402.60 points).

The arc of daily fluctuations was fixed at 17 points (from 1,387.42 to 1,404.54 points), with a turnover of 129 million euros, of which 22.8 million euros were pre-agreed packages. 

At the five-day level, the cumulative losses of the main stock index exceeded 3.6%, while the banks' loss in the corresponding period reached -7.1%. 

The banking index was in negative territory for the 5th consecutive day, falling -1.30% and 1,148 points. This means that the correction from this year's July highs exceeds -15%.

Ethniki's shares tumbled -1.40% and 7.054 euros (6-month low), Eurobank's shares slipped -1.05% and 1.88 euros (6-month low), Piraeus' shares ended -1.93% and 3.55 euros (2.5-month low), while Alpha's shares fell -0.92% and 1.4005 euros (12-month low).