Feb 17 • 12:35 UTC 🇬🇷 Greece Naftemporiki

Stock Exchange: Sellers regain the lead – Banks and blue chips under pressure

The Athens Stock Exchange continues to experience volatility with sellers taking the lead for the third consecutive day, hindering recovery efforts following a recent correction.

The Athens Stock Exchange is undergoing significant volatility, with sellers currently taking the forefront for the third consecutive day and making recovery from a recent market correction increasingly difficult. The index is currently situated between 2,260 and 2,280 units, but is notably affected by a lack of positive catalysts and growing concerns regarding the impact of Artificial Intelligence on the market. These factors are stifling any potential convincing recovery, compelling investors to remain cautious.

Specifically, during the second trading session of the week, the General Index reports a controlled decline of 0.57%, settling at 2,266.19 units after losing approximately 13 points compared to Monday's close of 2,279.10 units. The daily fluctuation range spanned 16 units (from 2,262.67 to 2,288.88 units), with total transaction volume recorded at €141.7 million, of which €31.6 million pertained to pre-arranged packages. This data indicates a struggling market struggling to find its footing amidst economic uncertainties.

In terms of individual stocks, the National Bank of Greece is experiencing a drop, trading down to €14.0, reflecting the broader trend of financial institutions and major blue-chip companies struggling under current market pressures. Investors are closely monitoring these developments, as the situation may have broader implications for Greece's economic recovery and investment climate in the coming weeks.

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