The Athens Stock Exchange continues to face volatility, particularly due to pressure on the banking sector, which has hindered recovery despite some support from blue-chip stocks.
Volatility in the Athens Stock Exchange persists as pressures on the banking sector have kept the General Index from gaining a foothold. Despite selective support from other blue-chip stocks, pressures on the market seem to dominate the trading atmosphere. The external landscape, marked by uncertain commercial taxes and geopolitical tensions, has further compounded the Greek market's challenges, dampening appetite for risk among investors.
During the first trading session of the last week of February, the General Index recorded a decline of 0.64%, closing at 2,259.13 points, a loss of more than 14 points compared to the previous closing of 2,273.73 points. The range of daily fluctuations was defined at 22 points, ranging from 2,259.13 to 2,281.25 points, with trading volume reaching 411.8 million euros, which included 37.5 million euros in pre-agreed packages. This dynamic indicates a cautious trading environment as investors navigate uncertainty.
Currently, the National Bank is among those stocks that are under scrutiny in the current tense atmosphere. As the Athens market grapples with these ongoing challenges, analysts suggest that the focus may need to shift towards improving domestic economic stability and addressing external pressures to foster a more favorable environment for recovery in the future.
