At the lowest level of the last 12 months, the Athens Stock Exchange closed today, which retreated to the zone of 820 points, endangering the acquis of 2021, amid widespread concerns about the risk of a nuclear accident in Ukraine.
More specifically, the General Index recorded a strong decline of 3.85% and slipped to 821.74 points, losing almost 33 points compared to the close of Thursday (854.62 points).
The arc of daily fluctuations stood at 31 points (from 815.96 to 846.52 points), with trading volume hovering at high levels, approaching 108 million euros.
The biggest pressure was on the shares of the banks, which lost from 6% to 8%, while the fall for the share of Aegean was determined at 6.5%, as a result of the turmoil in the aviation sector.
The shares of Titan – Viohalco followed with a decline of at least 5%, with the shares of Coca – Cola, Lamda, GEK Terna, PPC, ELVALHALCOR, ELPE, EYDAP, Motor Oil, Mytilineos, OPAP and OTE ending with a fall of 3% .
The market is at a low of 12 months
The Russian occupation of Europe’s largest nuclear plant, if nothing else, has raised serious concerns about the risk of a Chernobyl-like nuclear accident in 1986. A scenario reinforced by the four-hour blaze at the plant. in Zaporizhia.
This fear is reflected in the international markets, with the pan-European index Stoxx 600 falling by 2.5%, while losses in more than 4% show the indexes in Paris and Milan. In Frankfurt, the DAX is losing almost 3.5%. On the other side of the Atlantic, the Dow Jones is down 340 points.
At the same time, domestic analysts appear to have been disappointed with GDP data for the 12 months of 2021, which showed that the Greek economy grew by 8.3% compared to growth forecasts of 8.5% (9% recession in 2020 ).
Regardless of the elements of the Greek economy, however, the market has slipped on a dangerous path, as a result of ongoing geopolitical and energy challenges, with the General Index being at its lowest level in the last 12 months (March 2021).
On a weekly basis, cumulative losses exceeded 10% for the main stock index, with banks recording double-digit declines, losing at least 20% of their value in the last five days.
Dive below 550 points for banks
Returning to today’s meeting, the banking index remained at the top of the sellers’ preferences, as a result of which it fell by 6.68% and ended at 545.18 points, the lowest level since November 2021.
The biggest losses were observed in the share of the National Bank, which slipped by 8% and fell to 2.7 euros. The share of Alpha Bank “fell” by about 7%, which returned to the psychological point of 1 euro.
From there on, the share of Eurobank fell by 6% and closed below 0.85 euros, while the share of Piraeus followed with losses of 5.2% and landed at 1.26 euros. More detail:
- Alpha Bank -6.96% 1.03 euros
- Eurobank -6.03% 0.8408 euros
- National Bank -7.98% 2.71 euros
- Piraeus -5.30% 1,269 euros
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