Athens Stock Exchange dips on banking sector pressure but holds 2,000 points

Sellers made a reappearance connected the Greek banal marketplace aft a affirmative commencement to November, with the clime of uncertainty overseas besides affecting Athens. However, it showed signs of resilience, closing disconnected the day’s lows and supra the 2,000 mark, which had been breached (again) intraday. Banking stocks were a “heavyweight”, with the sectoral scale losing much than -1%.

Specifically, successful Tuesday’s (4/11) session, the General Index fell 10.21 points, oregon -0.5%, to adjacent astatine 2,013.59, which was the precocious for the day. The debased for the time was recovered astatine 1,993.73 points. At +37.01%, the XA output done 2025.

The sellers’ dominance connected the committee is total, with the negative-to-positive securities ratio estimated astatine astir 9 to 2. Eurobank, Piraeus, Alpha Bank, HELLENiQ ENERGY, AIA, and Intralot recorded beardown losses of astir -2%. PPC, Metlen, and OTE resisted arsenic they gained much than +1%, with the erstwhile moving further towards EUR 16, renewing its 16-year grounds (September 2009). It is besides worthy mentioning that today, soon aft 12:00, 4 packages were passed to Aktor for 7.7 euros per stock (750,000 pieces for a full worth of 5.775 cardinal euros). Yesterday, different bundle had changed hands astatine the aforesaid terms (375,000 pieces worthy 2.88 cardinal euros).

Corporate performance, dividend distributions, and MSCI successful focus
Since its start, November has been characterised by beardown volatility and is simply a cardinal period arsenic investors liquidate immoderate of their excess superior up of MSCI and the adjacent of the existent fiscal year. As analysts note, the marketplace remains charismatic to planetary investors and is successful a maturing and rebalancing phase, with volatility being an integral portion of this evolution.

It is noted that adjacent Thursday, November 6, Eurobank volition commercialized without the close to person the interim dividend of €0.04681 per stock (€170 million), followed by the outgo connected Wednesday, November 12. An interim dividend volition besides beryllium distributed by the National Bank of Greece. The cut-off is acceptable for November 10, and the outgo for November 14. This volition beryllium preceded connected Wednesday (5 November) by the cut-off of the close to BriQ Properties’ interim dividend of EUR 0.08 per stock (EUR 3.68 million), with the anticipation of reinvestment, and the outgo volition travel connected 27 November.

In the Q3 and 9-month results calendar, National Bank, Metlen, and Titan denote their financials connected Thursday (6/11), followed by Alpha Bank connected Friday (7/11). Next week, connected 11 November, Aegean, Bank of Cyprus, and Optima slope instrumentality their turn, and connected 13 November, OTE and HELLENiQ ENERGY.

Tomorrow (5 November) evening, the results of the six-month rebalancing of the MSCI indices volition beryllium announced. The changes volition instrumentality effect connected November 24 aft the adjacent of the trading session. The effectual day is 25 November. It is recalled that the pursuing 9 stocks are presently included successful the main scale (MSCI Greece Standard Index): National Bank, Eurobank, Eurobank, Piraeus Bank, Alpha Bank, OPAP, OTE, Metlen, PPC, and Jumbo.

On Friday, November 7, German Scope Ratings volition proceed to complaint the Greek economy, which it presently rates “BBB” with a unchangeable outlook. One week later, connected November 14, US-based Fitch (“BBB-” with a affirmative outlook) volition denote its verdict, closing the rhythm of ratings for 2025.

In different firm developments, Eurobank came to the markets with a EUR600m Additional Tier 1 (AT1) enslaved with an involvement complaint of 6.25%, up from 6.625% successful the archetypal offering. Demand was beardown and reached EUR 2.8 billion. The contented was oversubscribed astir 4 times, and information from overseas investors accounted for 91% of the offering book. Alpha Bank completed the acquisition of AstroBank by its subsidiary Alpha Bank Cyprus, marking the last milestone of the woody primitively announced successful February 2025.

In a bout of liquidation successful planetary markets

Wall Street is looking antagonistic arsenic investors measurement mixed firm results and warnings of excessive valuations successful AI stocks. A “bell has been rung” by the CEOs of Goldman Sachs and Morgan Stanley, who are calling for a correction of up to 20%. Technology stocks are nether dense pressure, driving the large indices lower. Notably, the Dow Jones is down -0.2%, the S&P 500 is down -0.6% and the Nasdaq is down -0.9%.

European banal markets are besides successful the red, correcting aft the caller affirmative run. The pan-European Stoxx 600 scale is down -0.4%, Germany’s DAX is little by -0.8% and France’s CAC 40 is down -0.7%. In Asian markets, Japan’s Nikkei and South Korea’s Kospi “landed” sharply from their all-time highs, retreating -1.7% and -2.4%, respectively.