Greek Stocks Close Lower as Telecoms and Basic Resources Drag Down Index

The Athens General Composite index ended Thursday's trading session in negative territory, closing down 0.75% amid broad-based selling pressure across the Greek market.

Sector Weakness and Market Breadth

The decline was primarily driven by losses in the Telecoms, Household, and Basic Resources sectors, according to closing data from the Athens Stock Exchange. The session's negative sentiment was reflected in the market breadth, with falling stocks significantly outnumbering advancing ones by 79 to 31, while 21 stocks finished the day unchanged.

Notable Movers

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Despite the overall market downturn, some companies posted significant gains. A standout performer was Motor Oil Hellas Corinth Refineries SA (AT:MORr), which surged 3.91% to close at 61.10, a new all-time high for the stock. Other notable gainers included Performance Technologies IT Solutions (AT:PREFr), which added 1.77%, and Ellaktor SA (AT:HELr), which rose 1.25%.

On the downside, Athens Water (AT:EYDr) was among the session's worst performers, falling 3.46% to end at 12.26. Other significant decliners included Lamda Develop (AT:LMDr), which dropped 2.71%, and Thrace Plastics Co SA (AT:THRr), which finished 2.70% lower.