Black Monday

The Greek stock market is tuning in to the upward trends of the international markets today (27/8). The next milestone is 1,440 points and the target -attainable for now- is to break through it, in case the positive momentum is maintained for a second consecutive session.

Sellers regained the reins of the domestic market, as part of consolidating some of the gains from the two-day upward reaction on August 6-7, following the -6.27% “Black Monday” (August 5).

Uncontrollable “bleeding” in global markets, with Athens recording one of the largest percentage drops compared to other European stock exchanges. Most of this year’s gains were lost, with trading volume at high levels due to mass sell-offs.

European shares fell sharply at the start of the session on Monday as global volatility continued amid concerns of a looming US recession.