Athens Stock Exchange closes down 0.33% as banks anchor recovery

The Athens Stock Exchange closed with a slight decline of 0.33%, with the General Index ending at 2,642.23 points. Despite the overall drop, the market saw a significant intraday recovery after hitting lows of 2,604.71 points.

Banking stocks acted as a primary anchor for the market. The banking index achieved a notable reversal, climbing 0.34% to close at 3,158.30 points after having dropped by more than 2.5% during the session. Notable performers in the banking sector included Alpha Bank, which rose 2.06%, and Piraeus Bank, which saw high trading volume.

The recovery in the banking sector helped limit losses caused by downward pressure on other major stocks. Significant declines were recorded in companies such as PPC (DEI), which fell 3.04%, and Jumbo, which dropped 2.79%. Total trading value remained high, exceeding 400 million euros.