Athens General Composite Slips 1.16% on Broad-Based Sector Losses

Greek stocks finished in negative territory to start the week, as the benchmark Athens General Composite index fell 1.16% to close Monday's trading session. The decline was driven by broad-based losses across several key industries, reflecting negative investor sentiment.

Market Performance

The session saw declining stocks significantly outpace advancers on the Athens Stock Exchange by a margin of 93 to 25, with 15 stocks ending the day unchanged. This market breadth indicates widespread selling pressure rather than a decline concentrated in a few large-cap names.

The downturn was led by weakness in the Telecoms, Household, and Basic Resources sectors, according to closing data from the exchange.

Sector and Stock Movers

Several companies saw significant declines during the session. The worst performers on the main index included:

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• Holding Company ADMIE IPTO SA (ADMr), which fell 5.38% to close at 4.22.
• Lamda Develop (LMDr), declining 4.81% to end at 6.43.
• Alumil (ALMr), which was down 4.35% to finish at 5.50.

In contrast, a few stocks bucked the downward trend. Notable gainers included Euronext Athens Holding SA (EXCr), which rose 2.63%, and Coca Cola HBC AG (EEEr), which added 2.28%.

Broader Market Context

The move in Greek equities occurred amid mixed signals in global commodity and currency markets. Crude oil prices rose, with the WTI October contract gaining 3.48% to $103.53 a barrel and the Brent November contract up 3.79% to $108.57. In contrast, Gold Futures for December delivery fell 2.04%.

In foreign exchange, the Euro weakened against the U.S. dollar, with the EUR/USD pair down 0.50%. The US Dollar Index Futures, which measures the greenback against a basket of currencies, climbed 0.46%, suggesting broad strength in the dollar.