Feb 10 • 19:22 UTC 🇬🇷 Greece To Vima

Athens Stock Exchange: Stopped the three-day declining streak – On the board Coca Cola and OPAP

The Athens Stock Exchange has halted a three-day decline, buoyed by gains in Coca Cola HBC and OPAP, closing at 2,345.34 units.

The Athens Stock Exchange has managed to break a three-day declining streak, largely driven by a significant increase in shares of Coca Cola HBC and a late surge from OPAP. The market bounced back to the 2,340-point range, closing at 2,345.34 units, although trading volumes remained relatively low, indicating that sellers might have completed their orders. Throughout the day, the General Index fluctuated between 2,333.82 units, reflecting a modest rise of 0.23%, and peaking at 2,353.09 units with a gain of 1.06%.

The trading volume reached €276.9 million, with the number of shares exchanged totaling 42.9 million. There were also pre-agreed transactions involving 4 million shares valued at €28.9 million. The large-cap index finished the day up by 0.72% at 5,991.65 units, while the Mid Cap index ended slightly down by 0.30% at 2,815.27 units. The banking index posted modest gains of 0.37% closing at 2,763.08 units, marking a slight recovery in the financial sector despite an overall challenging environment.

This rebound, primarily led by Coca Cola HBC's performance, signals a potential shift in market sentiment after a series of declines. Investors may be cautiously optimistic, looking for signs of stabilization and recovery in the market, as volatility has characterized trading in recent weeks. Overall, this development is an encouraging sign for investors and the Greek economy as a whole, indicating resilience despite ongoing challenges in the broader financial landscape.

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