Stock Market: The Evil Returns, New Decline Over -1%
The Athens Stock Exchange fell to its lowest level since January 22, continuing a trend of profit taking among sellers for the third consecutive day.
The Athens Stock Exchange experienced a significant decline, marking its lowest level since January 22, as sellers engaged in profit taking amidst a lack of positive catalysts. The market dipped to 2,248 points, showcasing a 6.4% drop from recent peaks of 2,407 points, reflecting the ongoing pessimistic sentiment in the trading environment.
During the second session of the week, the General Index fell by 1.14%, closing at 2,253.06 points, a loss of 26 points from Monday's close. The trading ranged between 2,248.41 and 2,288.88 points, with a total trading volume of 338 million euros, including 52.4 million euros in pre-agreed packages. The downward trajectory underscores a growing apprehension in the market without clear positive indicators.
In terms of individual performances, National Bank's shares declined to 14.0 euros, while Alpha Bank marked its seventh consecutive downward session, showing the prevalent selling pressure across key financial institutions in Greece. As the market continues this trend, analysts are closely observing for potential recovery signs amid prevailing uncertainties.