The Athens Stock Exchange fell today (18/11) below 1,400 points and the moving average of the last 200 days (1,396 points), with banks emerging as the negative "protagonist".
Sellers remained in a "driver" position for the 4th consecutive session, while buyers were afraid to take additional risk under the weight of the volatile backdrop abroad and political developments at home.
Thus, even the positive 9-month corporate figures could not provide the necessary boost to the Greek market, which was close to its November low (1,390 points), underperforming again against Europe.
Specifically, in the first session of the week, the General Index recorded a remarkable decline of 0.81% and stood at 1,392.44 points, losing about 11.5 points compared to Friday's close (1,403.87 points).
The arc of daily fluctuations was fixed at 20 points (from 1,381.70 to 1,401.06 points), with a turnover of 120 million euros, of which 4 million euros were pre-agreed packages.
The banking index remained in negative territory, as it ended -1.16% and 1,184 points as a result of the new price-target cut (for all banks) and the recommendation revision (for ETE and Piraeus) by Morgan Stanley.
NBG shares tumbled -3.01% and 6.888 euros (low since Jan. 30), Piraeus' shares narrowed to -2.36% and 1.597 euros, Alpha's shares traded -0.95% and 1.564 euros, while Eurobank's shares strengthened +1.83% and 2.006 euros.
In the high-cap index (-0.72% and 3,378 points), Metlen's shares retreated -2% and 32.3 euros, with Viohalco's shares contracting -4.1% and 5.10 euros (12-month low). ELVALHALKOR and Sarantis followed by at least 2%, while shares of OPAP, Ellaktor, Lamda and Cenergy retreated more than 1%. For its part, Aegean lost 1.6% and hit a new 13-month low (9.5 euros). In contrast, shares of Jumbo and EYDAP withstood the pressure and gained 1.4%.
As for the mid-cap index (-1.63% and 2,229 points), Intralot shares stood out negatively at -3% and EUR 0.89, recording a new one-year low. The shares of PPA, Kri Kri, Intracom, Lavipharm, Ideal, and Dimand also declined by 2%. At the same time, Fourlis shares retreated to -3.6% and 3.5 euros, while Profile, Quest, AVAX, and ADMIE lost 1% each. A special mention should be made of Attica Bank, which was in limit down for the 4th consecutive session.
