The Athens Stock Exchange is currently facing significant volatility, posing a potential risk of ending its impressive streak of eight consecutive weeks of upward performance. Despite this streak, the General Index is still over 50 points away from recent peaks of 2,407 points and has not regained the opening price of Monday at 2,362 points, indicating a struggle in maintaining momentum. This situation raises concerns over whether the current market shifts will deter investors from taking further risks.

Investor hesitation is being linked to several key factors, notably the recent ruling by the Supreme Court concerning borrowers under the Katseflis law, which Moody’s has indicated serves as a "credit negative" for banks. As a result, the shares of the banking sector have experienced a downturn. This news has likely contributed to a cautious approach among investors, causing them to rethink their strategies amid concerns about the financial health of institutions heavily tied to this court decision, thereby putting additional pressure on the market.

Moreover, the profit warning issued by Metlen is putting sustained pressure on its stock, which is currently trading at its lowest level since April 2025. These developments point to an environment of increasing uncertainty for investors, reflected in their reluctance to engage in new investments and the potential for continued volatility in the Athens Stock Exchange as it navigates through these challenges.