The Athens Stock Exchange is recording a strong upward reaction today, following the positive sentiment prevailing in international markets, as investors appear more optimistic about a possible de-escalation of tensions in the Middle East.
Specifically, the General Index is up 3.56% at 2,177.38 points, with turnover at €45.6 million and volume at 6.7 million shares. The FTSE 25 rises 3.79% to 5,537.82 points, while the banking index gains 5.79% to 2,446.15 points.
Reaction after Pressure
After the significant pressure in yesterday’s session, Athinon Avenue today follows the markets’ strong upward reaction, with the General Index trying to approach the 2,200-point level again.
It is recalled that March began with the index at 2,277 points, before a particularly turbulent ten-day period with sharp fluctuations and significant pressure on stock prices.
Despite the volatility caused by geopolitical tension, the overall decline of the General Index since the start of the crisis remains relatively limited, with losses related to the war staying below 5%.
However, this picture does not fully reflect the extent of the pressure experienced by many individual stocks, which recorded more significant corrections. Nevertheless, the prospect of gradually recovering most of the losses now seems to be returning to the forefront.
A decisive role in improving market sentiment was played by statements from U.S. President Donald Trump that the conflict with Iran may be nearing its end. He noted that American companies are moving faster than initially planned and that the war could conclude soon. These statements led to a drop in oil prices below $100 per barrel, easing market concerns about a prolonged period of geopolitical tension.
On the Board
On the board now, Piraeus Bank records gains of 7.41%, with Cenergy and Alpha Bank rising 6.23% and 6.36% respectively. Increases above 5% are seen in ELHA, Cyprus, Eurobank, and Aegean, and above 4% in Optima Bank, DAA, National Bank, Viohalco, and GEK TERNA.
Gains in DEI, Titan, and Aktor exceed 3%, while Metlen rises 2.37%. Increases above 1% are seen in Lamda, Sarantis, OTE, EYDAP, Jumbo, OPAP, and Coca-Cola, while Helleniq Energy moves slightly downward. Motor Oil loses 2.06%.
