Athens Stock Exchange weekly turnover jumps 38% as index slides 1.1%

The Athens Stock Exchange saw a sharp rise in trading activity during the last week, with total turnover climbing almost 38% to exceed €300 billion. Despite the high volume, the general index fell 1.11% on Friday, closing at 2,280.09 points, ending the week with a 4.17% gain.

Bank shares led the declines, with Piraeus Bank down 1.59% and Alpha Bank losing nearly 3%. In contrast, DEH rose 1.33%, Eurobank gained 1.53%, and several mid‑caps such as Sarantis (+8.97%) and Trastor (+6.72%) posted strong advances. The market absorbed first‑quarter earnings from major firms: National Bank reported €344 million profit and signed a memorandum to acquire a 30% stake in Allianz European Reliance; OTE posted a 4.9% revenue increase and proposed a €0.8777 dividend; Titan posted €137.8 million EBITDA, while Metlen announced a 37% revenue rise.

Analysts noted that investors are repositioning ahead of DEH’s planned capital increase and potential expansion into telecom services. Overall market capitalization stood at €163.65 billion, with 68 stocks closing lower, 41 higher and 14 unchanged.