The Athens Stock Exchange halted the six-day upward trend, leading investors to set consecutive 14-year highs.
With bank stocks receiving the biggest wave of liquidation and correcting from 9-year "tops," the Greek market surrendered to sellers, halting the move towards 1,550 points. However, the overall outlook remained positive.
And this was confirmed by a number of strong "papers," which managed to stand out today and set up... dikes on the decline. Let's not forget, after all, that the January return, despite the rollback, remained above +4%.
Specifically, in the third session of the week, the General Index posted a "measured" decline of -0.53% to 1,530.68, losing about nine points from Tuesday's close (1,539.48).
The arc of daily fluctuations was fixed at 11 points (from 1,530.19 to 1,541.29 points), with a turnover of 137.6 million euros, of which 12.8 million euros related to pre-agreed packages.
The banking index, which is gaining more than +8% through 2025, was quick to correct from recent 9-year highs (>1,400 points), ending -2.38% and 1,389 points, showing the worst session since August.
Eurobank shares tumbled -3.39% and EUR 2,392, Alpha shares followed at -2.80% and EUR 1,718, Piraeus shares traded -2.41% and EUR 4.26, while NBG shares fell -1.58% and EUR 8.34.
In the high-cap index (-1.04% and 3,719 points), Aegean shares climbed further to +3.1% and EUR 10.99 (4-month high), while Titan Cement shares soared to EUR 45.5 (+2.2%), continuing consecutive historical records. AIA shares were also up +3.7% at EUR 8.4 (9-month high), with Cenergy, GEK Terna and OPAP shares following at +1%. In contrast, shares of Motor Oil, Metlen, Lamda Develpment and Coca-Cola retreated by at least 1%.
As for the mid-cap index (+0.72% and 2,451 points), the shares of AXAE stood out dynamically at +2.1% and EUR 4.82, while Noval and PPA shares gained +3.0% and +2.4%, respectively. Meanwhile, shares of Profile and Aktor Group followed suit by more than +1%. On the flip side, shares of AVAX folded -3.4% and €1.82, digesting yesterday's 11-year highs. Dimand's share price was also down by around 1%.
