Feb 16 • 15:22 UTC 🇬🇷 Greece Naftemporiki

Stock Market: Mini Correction Continued, Despite Reaction in Titan – Metlen

The Athens Stock Exchange experienced notable volatility today, with sellers maintaining control despite attempts from buyers to regain ground.

Today, the Athens Stock Exchange saw significant fluctuations, remaining under the influence of sellers who continued to lead market movements while buyers struggled to react positively. This trend marks a continuation of the mini corrective movement that has been evident in recent trading sessions, as volatility remains a dominant factor amidst concerns regarding the impact of AI and the lack of positive catalysts domestically.

The General Index recorded a slight decline of 0.43%, closing at 2,279.10 points, which translates to a loss of more than 9.5 points compared to Friday's closing of 2,288.83 points. The daily trading range was established at 37 points, fluctuating between 2,267.25 and 2,304.02 points, while transaction volumes reached 314.8 million euros, with 42.3 million euros pertaining to pre-arranged packages.

On the individual stocks front, major players like National Bank, Alpha Bank, and Piraeus Bank retreated by at least 1%, while other significant stocks such as DEI and OPAP also faced losses. This persistent downward trend in key sectors suggests ongoing investor caution and highlights the market's sensitivity to external economic developments and internal financial health, particularly regarding AI implications.

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