A change of course on Athens Avenue, which followed the European path after the negative macroeconomic PMI data erased its initial gains and moved into negative territory, with banks under most pressure.

Specifically, the General Index initially moved up to 1,403.8 points (+0.45%) but is now down to 1,390 points at -0.5.

The banking index dips 2.2% to 1,173 points, the FTSE high-cap index is down 0.7% to 3,368 points, as is the mid-cap FTSEM which is down -0.2% at 2,21 points. 

All four systemic companies are strongly down, with losses reaching 2.6% for NBG.

Piraeus is at -1.9%, Eurobank at -1.7% and Alpha at -1.5%.

The overall picture of the session would have been much worse if not for the help of heavyweight Coca Cola at +1.2%. 

OPAP maintains its initial momentum at +1.5%, while on the contrary ELHA is reduced from +3.3% to +0.7% and Titan from +2.4% to +0.8%.

Apart from the banks, with losses of more than 1% are still Lambda, Motor Oil and Sarantis.