The Athens stock exchange recorded heavy losses today as it was dragged down by the negative international climate triggered by geopolitical concerns over the launch of long-range missiles by Ukraine towards the territories of Russia. 

Thus, the negative streak on Athens Avenue continued for a fifth consecutive day and sees technical supports being tested, paving the way for a move much lower.

At the close of the session, the General Index tried a move up to 1,397 points (+0.37%) shortly after the opening but immediately lost any momentum and sank to 1,366 points with a new 1.85% drop. It is noted that it found itself losing up to 2.33% while in these five days of losses the GD has lagged by -4.49%.

Trading activity was 159.27 million, with volume at 37.65 million pieces. After a move up to 1,192 points (+0.7%), the banking index changed direction and now leads the losses with a new 1.14% drop to 1,171 points.

The FTSE high cap closed at 3,313 points with -1.92%, as did the FTSEM midcap, which closed at 2,180 points with -2.18%.

In banks, NBG, which had the worst performance yesterday (-3%) lost -0.12%, recording the smallest losses in the sector.  Among the other systemics, Alpha fell to €1.53 with strong losses of 1.73%, while Eurobank and Piraeus lost 1.45% and 1.72%, respectively. 

PPC was at the bottom of the FTSE with -4.97%, Metlen lost -4.89%, and Lamda fell -3.6%. Cenergy, which initially attempted an upward reaction up to EUR 8.55 (+2.55%), was also dragged down by the bearish sentiment and retreated to EUR 8.15 with a loss of 2.28%.

A characteristic feature of the picture is that now only one security in the high capitalization moved upwards, Sarantis with +1.76%.  Likewise, in the mid-range, Lavipharm (-6.49%), Kri Kri (-4.98%), Intracom (-4.49%), and Avax (-4.29%) plunged.