Stock Market: Below 2,300 points with a new plunge of -2.2%
The Athens Stock Exchange continues to face volatility, with the General Index dropping below 2,300 points again, erasing much of yesterday's gains.
Volatility persisted in the Athens Stock Exchange as sellers pushed the General Index back below the 2,300 mark, cancelling much of the previous day's rally. This decline was primarily driven by the banks, which set the tone for the sharp downturn, and other blue-chip stocks followed suit, failing to maintain their positive momentum and succumbing to profit-taking temptations.
In the fourth session of the week, the General Index plunged by -2.22% and closed at 2,275.70 points, losing nearly 52 points compared to Wednesday's closing of 2,327.44 points. Daily fluctuations were between 50 points, ranging from 2,270.70 to 2,320.80 points, with trading volume reaching €244.3 million, of which €26.1 million related to pre-agreed packages.
Notable declines were observed in major banks including National Bank, Eurobank, Alpha Bank, and Piraeus Bank, which all experienced drops of up to -4%. This continued adjustment highlights the ongoing challenges in the Greek financial market and raises questions about future momentum and investor confidence.