Athens Stock Exchange declines amid banking sector losses

The Athens Stock Exchange experienced significant declines over consecutive sessions, driven primarily by heavy losses in the banking sector. The General Index closed at 2,636.54 points, marking a 1.24% decrease, while the banking index saw substantial downward pressure, falling by 2.77% to 3,135 points.

Major banking institutions recorded notable losses: Piraeus Bank fell by 4.4% to 10.18 euros, Alpha Bank dropped 4.09% to 4.46 euros, and Eurobank declined 2.47% to 4.58 euros. National Bank of Greece also saw a decrease of 1.52%.

Other large-cap stocks such as Allwyn and Titan Cement also faced declines. In contrast, some companies showed resilience or gains, including GEK TERNA, which rose 1.86%, Metlen, which increased by 1.32%, and Coca-Cola HBC, which saw a 1.01% rise.