Athens Composite Ends Lower, Down 0.49% on Friday

Market Closes in Negative Territory

The Athens General Composite index concluded Friday's trading session with a decline of 0.49%. This downturn was primarily influenced by poor performance across several key industrial sectors, reflecting negative market sentiment at the close of the week.

Sector Weakness Drags Down Index

Significant losses were recorded in the Telecoms, Household, and Basic Resources sectors, which were the main contributors to the index's fall. On the Athens Stock Exchange, market breadth was negative, with 60 stocks declining compared to 58 that advanced, while 15 companies ended the session unchanged.

Top Performers and Laggards

Despite the overall market decline, some stocks posted strong gains. Lavipharm SA (LPHr) was a top performer, rising 5.69% to a new three-year high. Ekter (EKTr) also performed well, adding 3.83% to its value to reach a five-year high.

On the downside, Gr Sarantis SA (SRSr) was among the session's worst performers, falling 2.04%. It was joined by Hellenic Exchanges Athens Stock Exchange SA (EXCr), which declined 1.82%, and Piraeus Bank SA (BOPr), which was down 1.78%.

Summary

The session ended with the Greek market in retreat, guided by specific sector weaknesses that overshadowed individual stock gains. The balance between falling and rising stocks indicates a divided but slightly pessimistic market sentiment heading into the next trading period.

FAQ

Q: How much did the Athens General Composite index change on Friday?
A: The index closed down by 0.49%.

Q: Which sectors contributed to the decline in the Greek stock market?
A: The decline was led by losses in the Telecoms, Household, and Basic Resources sectors.

Source

Source: Investing.com