The Athens stock market experienced a third consecutive day of decline, with a significant drop in bank stocks and investors focusing on support levels.
The Athens Stock Exchange has entered a correction phase for the third consecutive day, highlighting the volatility in the market as investors shift their focus back to the crucial support level of 2,300 units. Initially, the market showed a slight increase in the morning; however, it quickly succumbed to selling pressures, continuing a downward trajectory from recent peaks of 2,407 units. This correction comes on the heels of a significant twelve-month rally, which has contributed to persistent selling despite an overall positive outlook for 2026.
On the first day of the new week, the General Index fell by -1.43%, closing at 2,328.46 units, a decrease of approximately 34 units from the previous close of 2,362.36. The daily fluctuations were noted to be within a range of 69 units, between 2,311.57 and 2,380.89, indicating a level of uncertainty among investors. Additionally, trading volume was reported at 405 million euros, suggesting active participation despite the downturn in market sentiment.
The ongoing corrections reflect both the market's historic performance and current investor sentiment. Although the short-term outlook appears grim due to continuous declines, analysts suggest that the recent rally may still bolster investor confidence looking ahead, as the overall market health remains positive according to expert assessments for 2026. This situation requires careful monitoring from investors who must navigate the balance between immediate corrections and long-term growth prospects.
