Feb 16 • 08:42 UTC 🇬🇷 Greece Naftemporiki

Stock Market: Volatility Remains After Sell-Off

The Athens Stock Exchange attempts to recover from a significant drop, with slight gains noted but concerns about volatility continue.

The Athens Stock Exchange is working to regain its footing following a steep decline of 2.8% on Friday. As the new week begins, the General Index sees a marginal increase of 0.16%, settling at 2,292.53 points, which marks a recovery of about four points from Friday's close of 2,288.83. Despite this slight upward movement, volatility in the market persists due to the lack of positive catalysts and ongoing international concerns regarding the impact of AI on the economy.

On this first day of the week, the daily trading range fluctuates within 12 points, between 2,292.53 and 2,304.02, with transaction volume reported at 8 million euros. Specific stocks such as Titan Cement have shown signs of recovery, increasing by 2.8% after its previous week's drop of 9.1%. Additionally, stocks from financial institutions like Alpha Bank, National Bank, and Piraeus Bank are also experiencing positive movement, reflecting a gradual stabilization despite the overarching market volatility.

Investors remain cautious, and the market faces uncertainty as it navigates broader economic factors, especially as there are no immediate positive drivers in sight. The continued volatility could have implications for investor sentiment and market confidence in the coming weeks, with the potential for further fluctuations in response to both domestic and international economic developments.

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