Stock Exchange: Volatility continues in Athens - Pressures on CrediaBank, reaction to DEI
The Athens Stock Exchange continues to show volatility, with external fragile balances and a lack of internal catalysts impacting investor sentiment.
The Athens Stock Exchange is experiencing continued volatility amidst fragile external conditions and a lack of new domestic catalysts, which are contributing to a stagnant investor psychology. The Greek market is at risk of enduring a second consecutive week of decline, remaining below the 2,300-point mark. After hitting a high of 2,407 points, the market has corrected moderately, indicating a controlled downward trend.
In the latest trading session, the General Index marked a slight increase of +0.08%, reaching 2,277.42 points, gaining less than two points compared to the previous closing of 2,275.7 points. Daily fluctuations ranged from 12 points, between 2,267.94 and 2,279.38 points, with trading volumes hovering around 8 million euros. This level of activity reflects the cautious approach of investors in light of the uncertain market conditions.
On the auction floor, DEI (Public Power Corporation) is attempting to stabilize its recent correction, while companies like Metlen and Aktor Group are under pressure, showing declines of up to -1%. The overall sentiment in the market remains low, with investors closely monitoring the fluctuating dynamics as they navigate through the current financial landscape in Greece.