Athens Stock Exchange Ends Lower, Composite Down 0.17%

Greek Market Closes with Minor Losses

The Athens General Composite index concluded Friday's trading session with a slight decline, closing down 0.17 percent. The market sentiment was predominantly negative, with falling stocks significantly outnumbering advancing ones across the exchange.

Sector Performance and Market Breadth

Pressure on the index came primarily from losses in the Telecoms, Household, and Basic Resources sectors. On the Athens Stock Exchange, 83 stocks declined while only 36 advanced, and 16 remained unchanged, indicating broad-based selling pressure during the session.

Key Stock Movements

Top Performers

Despite the overall downturn, several stocks posted strong gains. Elvalhalcor rose 3.67 percent to a five-year high. Gek Terna added 2.55 percent, and Bank of Cyprus Holdings gained 2.51 percent, with both reaching new all-time highs.

Worst Performers

The session's biggest decliner was Metlen Energy & Metals, which plummeted 13.25 percent. Interlife General Insurance and Qualco Group also saw significant drops of 3.15 percent and 3.07 percent, respectively.

Summary

The mixed results, featuring a modest index decline alongside notable individual stock highs, suggest a divided market. Investors will be watching to see if sector-specific weakness continues to weigh on the broader market in the upcoming sessions.

FAQ

Q: Which index tracks the Greek stock market's performance?
A: The primary benchmark for the Greek stock market is the Athens General Composite index.

Q: What were the main sectors that led the market down?
A: The decline was mainly driven by poor performance in the Telecoms, Household, and Basic Resources sectors.

Source: Investing.com