Athens Stock Exchange fluctuates around 2,600-point threshold

The Athens Stock Exchange has experienced significant volatility, struggling to maintain the 2,600-point threshold for its General Index. Despite recent fluctuations, the index recently closed at 2,599.44 points, marking a slight increase of 0.23% amid cautious investor sentiment.

Market activity has been characterized by selectivity and lower turnover, totaling approximately 200 million euros. The banking sector has played a pivotal role in supporting the market, with Piraeus Bank, Eurobank, and Alpha Bank seeing varied movements. Notably, Optima Bank reached a new historical high, while Coca-Cola HBC faced downward pressure following a share placement.

Other notable performers include GEK TERNAs and Motor Oil, which saw gains, while several other large-cap stocks experienced declines. The market's stability remains sensitive to international pressures, particularly rising bond yields in the US and Europe, which have introduced uncertainty into the local trading environment.