Feb 12 • 15:19 UTC 🇬🇷 Greece Naftemporiki

Stock Exchange: A measured rise for Athens - 'Gas' for Eurobank, 'brake' for National

The Athens Stock Exchange closed positively today, though buyers struggled to gain significant ground over sellers.

The Athens Stock Exchange ended the day on a positive note, rising by 0.41% to close at 2,355.30 points. Despite this uptick, buyers were unable to create a substantial margin over sellers, and the market remained cautious amidst ongoing volatility. The performance was partially supported by a report from Goldman Sachs, setting a target of 2,500 points for the General Index, alongside favorable conditions in European markets that are approximately at historic highs.

However, the day's fluctuations were notable, as the market did not reach its daily highs and fell short of recent peaks by at least 50 points. During the fourth session of the week, the General Index managed a modest increase, gaining 9.5 points compared to Wednesday's closing of 2,345.71 points. The day's trading range was set between 2,348.61 and 2,371.38 points, with total trading volume around €314.1 million, a segment of which included significant transactions in banking stocks.

Overall, while the market displayed a cautious upward trend, the underlying volatility indicated that investors remain uneasy, likely influenced by broader economic conditions and the performance of key financial institutions such as Eurobank and National Bank of Greece. This mixed sentiment reflects an ongoing assessment of both domestic and international factors affecting investor confidence in the Greek economy.

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