The Athens Stock Exchange had its worst session since August 5, 2024 today (3/2), with the US tariffs reversing the positive sentiment and halving the gains of 2025.

In this environment, Athens failed to find the necessary supports, and despite strong fundamentals and successive business deals, it abandoned the 14-year highs of 1,550 points, finding "cover" near the 1,500-point stronghold.

Specifically, in the first session of the new week and the new month, the General Index posted heavy losses of -2.70% to 1,507.50 points, losing almost 42 points compared to Friday's close (1,549.32 points).

The arc of daily fluctuations was fixed at 25 points (from 1,505.48 to 1,530.49 points), with trading turnover soaring to 186.2 million euros, of which just 8.1 million euros were for pre-agreed packages.

BANKS

The banking index, which "ran" at a pace of almost +10% in January, entered February on the left, as it slid -4.02% to 1,357 points, affected by negative sentiment abroad and ignoring the upgrade by S&P.

Piraeus shares tumbled to -5.16% and EUR 4,155; Alpha shares followed at -5.10% and EUR 1,693; Eurobank shares traded at -4.29% and EUR 2,319, while NBG shares fell to -2.77% and EUR 8,148.

PICTURE ON BOARD

In the high-cap index (-2.85% and 3,670 points), the shares of the Stasinopoulos Group came under the strongest pressure, as analysts fear possible tariffs from the US, given that the same had happened during Trump's first term. Thus, we saw Viohalco plummeting -6.8%, Cenergy losing at least 3.6%, and ELVALHALKOR falling -5.6% and 2.1 euros. Beyond that, Metlen, Lamda and Motor Oil are down more than -3%, while Titan Cement and Aegean are down -5.9% and -4.6%, respectively. Shares of EYDAP, AIA, PPC, GEK Terna and Jumbo were also down -2%. Coca-Cola shares escaped the downward trend, which strengthened to +1.80% and 34 euros.

As for the mid-cap index (-3.23% and 2,384 points), Lavipharm's share stood out negatively at -6.3% and 0.81 euros, moving away from the target of 1.00 euros. Moreover, shares of Quest, AVAX, EXAE, Intracom, Intralot, and Thrace Plastics declined by more than -4%. At the same time, shares of Noval, IPTO, Trade Estates, Fourlis, Ideal, Dimand, Autohellas, Austriacard and Aktor Group slid between -2% and -3%. On the flip side, Kri Kri shares "held" at +1.2% and the record highs of 16.2 euros. Special mention should be made of PPA's shares, which improved to +1.1% and EUR 27.6, following management's reasoned opinion on Leonidsport's ongoing public offer (EUR 27/share), which puts the proposed