Feb 11 β€’ 15:20 UTC πŸ‡¬πŸ‡· Greece Naftemporiki

Stock Market: The 'X' of the buyers-sellers derby

Athens Stock Exchange saw continued volatility, with buyers and sellers nearly at a standstill amid opposing forces.

The Athens Stock Exchange experienced fluctuating levels of trading, with buyers and sellers approximately equal amid persistent volatility. External factors contributed to a stagnation where the Greek market struggled to reach its recent peaks of 2,407 points. However, despite initial intra-day losses, the market managed to recover and close near its daily high.

The MSCI's recent decision not to make changes to the composition of the Standard Greece index drew significant attention within the market. Analysts suggest that this decision is tied to ongoing public consultations aimed at upgrading Greece's status to Developed Markets. This hesitation from global indices indicates a broader context in which Greece's economic position is being carefully evaluated by international stakeholders.

Amidst this situation, the General Index experienced a slight increase of +0.02%, ending the day at 2,345.71 points, which represents a minimal gain compared to the previous closure of 2,345.34 points. The day's trading range was relatively narrow, marked by fluctuations between 2,319.30 and 2,350.09 points, with the trading volume reaching €324 million, signaling a cautious market outlook in light of broader economic uncertainties.

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