Feb 9 • 12:38 UTC 🇬🇷 Greece Naftemporiki

Stock Market: 3rd Day of Pressure in Athens - Banks and Metlen Under Scrutiny

The Athens Stock Exchange experiences a third consecutive day of profit-taking, dominated by sellers amid buyer reluctance.

For the third consecutive day, profit-taking continues on the Athens Stock Exchange, with sellers maintaining control as buyers hesitate. Despite positive external market conditions, the Greek market failed to gain momentum, quickly retracting from an initial attempt to move into positive territory, extending its downward trend. The attention now shifts towards tomorrow's MSCI announcements regarding the Standard Greece composition and the upcoming earnings reports starting next week.

On the first day of the new week, the General Index recorded a new decline of -1.47%, settling at 2,327.63 points, losing about 35 points compared to Friday's close at 2,362.36 points. The daily trading range varied by 57 points (from 2,323.48 to 2,380.89 points), with the transaction volume reaching approximately 199.9 million euros. This consistent drop in the stock market suggests continued uncertainty among investors regarding future market trends and economic performance.

The ongoing downward pressure in the Athens market reflects broader concerns that may not be alleviated by positive signals from abroad. Investors are closely monitoring significant upcoming announcements, as these could influence market sentiment and trading decisions. Therefore, the dynamics within the Athens Stock Exchange underscore the sensitive nature of investor confidence amid fluctuating economic indicators and anticipated financial disclosures from influential companies.

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