Pancretia Bank

The Greek stock market, which shifted its tone following the ECB’s interest rate announcement, once again fell short of expectations. Although it initially aligned with global market trends, it eventually diverged, trailing behind the positive sentiment seen elsewhere.

The domestic market is reacting, after the 4-day downward streak that preceded it, which was a result of the lack of positive catalysts. In contrast to previous days, Athens is tuning in today (12/9) to the rally in international stock markets. The resurgence of buying interest is driven by Wall Street’s tech rally, as well as the boost provided to euro markets by the ECB’s monetary easing.

Today’s (7/29) session was a session of tight trading and lack of risk appetite on the Athens Stock Exchange, which returned to negative territory under the “weight” of dividend cuts, mainly from National Bank. Despite the losses, contact was maintained with 1,470 points, with the General Index closing off the daily lows.

The Greek stock market began Monday’s (29/7) session down, in a week that starts with the National Bank’s dividend cut, followed by crucial announcements on the results of heavyweight listed companies.