The Athens Stock Exchange is trying to manage the geopolitical nervousness, which saw sellers return after an attempt to absorb the initial supply that came out on the board, showing a lack of correlation with the European indices, which are moving upwards and, in some cases, with significant gains.

Specifically, the General Index opened with a 1.21% dip to 1,383.73, recovered to 1,397.33 (-0.23%) and is now trading at 1,382.07 with a 1.3% drop. Turnover is significantly higher at 70 million, while 17 million units have been traded.

The banking index is down 1.7% to 1,181 points, the FTSE is down 1.26% to 3,363 points, and pressure is greater on the mid-cap FTSEM with losses of 2.5% to 2,204 points.

The initial reaction was quite nervous, with the board opening red hot and banks under the most pressure, the picture improved quite a bit in the first half hour but as mentioned above, the sellers came back immediately with a barrage of liquidations.

The 4 systemic banks all started with a drop of more than 1%, they picked up quite a bit in the first half hour but are now under a new wave of pressure. Piraeus at -1.1%, Eurobank at -1.7%, Alpha at -2.1%, and National Bank at -2.2%.

In the FTSE, the biggest pressure recipients are PPC, Aegean and Viohalco with losses of around 2.7%, GEK Terna is down 2.4% and Elvalhalkor, Cenergy, Lambda around -2.2%. Autohellas, EYDAP, Jumbo, OTE, Ellaktor and Terna Energy are down more than 1%.

A characteristic feature of the picture is that in the FTSE only two stocks are now moving upwards, ELPE and Coca Cola and that with small gains of less than 0.5%.

The picture in the mid-caps is even more depressed with no shares being rescued, with Intralot under the greatest pressure with a 4% plunge, while Intrakat and Avax are down around 3%, Profile is down -3.7% and LaviFarm is down -4%.