Europe’s main markets opened today’s session in negative territory, but with losses firmly in check, as disappointing results from HSBC weigh on the European banking sector.
The Athens Exchange is closely correlated with European markets and is following their move into negative territory. Losses are modest here too, however, and easily reversible if positive factors emerge.
Trading activity is relatively subdued, as expected given tomorrow’s market holiday, while international markets will be in full swing.
After the first hour of trading, the General Index has remained in negative territory, falling as low as 2,559.72 points (-0.39%). Turnover has reached €26 million, of which €7.8 million relates to block trades (PPC, Jumbo, Alpha).
The wait-and-see stance among active traders is clear from the fact that, among large-cap shares, only CENER (+1.22%) has moved by more than one percentage point. Optima and Motor Oil are also up more than 1%, while all other heavyweight stocks are hovering around the previous close.
There is little to report among mid- and small-cap stocks, though more activity could emerge as the session progresses, particularly in shares of companies awaiting developments.