Athens Stock Exchange Closes Lower, Dragged by Telecom and Basic Resources Sectors

The Greek stock market finished in negative territory on Thursday, with the benchmark Athens General Composite index closing down 0.40%. The decline was primarily driven by sector-specific weakness, according to closing data from the Athens Stock Exchange.

Session Details

Market breadth was negative, as falling stocks outnumbered advancing ones by a margin of 64 to 47, with 23 issues ending the session unchanged. The primary drivers of the decline were losses across the Telecoms, Household, and Basic Resources sectors, which weighed on the broader market sentiment.

Despite the overall index decline, several companies posted strong gains. Notable performers included:

• Piraeus Port Authority SA (OLPr), which rose 3.61% to 47.30, reaching a new 52-week high.
• Optima bank SA (OPTIMAr), which added 2.70% to close at 13.30, a new all-time high.
• Ekter (EKTr), which gained 2.59% to end the day at 4.95.

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On the other end of the spectrum, the session's biggest laggards were led by Lamda Develop (LMDr), which fell 4.17% to 6.33. It was followed by Viohalco SA (VIOH), down 4.03%, and Alumil (ALMr), which declined 3.09%.

Broader Market Context

In the commodities market, prices were mixed. Gold Futures for December delivery saw a slight increase of 0.22% to $4,397.10 a troy ounce. In contrast, energy prices fell, with Crude oil for October delivery dropping 1.37% to $101.03 a barrel and the November Brent oil contract declining 2.23%.

In foreign exchange markets, the EUR/USD pair was relatively stable, posting a minimal gain of 0.21% to trade at 1.15. The US Dollar Index Futures, which measures the greenback against a basket of currencies, ticked down 0.10% to 99.88.