It was a session of two halves on the Greek stock market today. Until 15:30, the General Index remained in negative territory, falling to around 2,576 points. But a change in direction in oil prices, which were showing marginal losses, prompted a handful of buyers on the Athens Exchange, taking the main indices into positive territory.
The closing auctions provided the “finishing touch”, leaving the Athens Exchange’s main indices near their session highs, along with five large-cap stocks.
The Banking Index’s final gain of 1.42% leaves little doubt about which sector provided the decisive boost, while the broader picture on the market board continues to cause considerable concern.
More specifically, although the General Index has for some time been struggling to close around the psychological threshold of 2,600 points, the “carnage among smaller stocks” continues further down the market, with dozens of mid- and small-cap shares repeatedly hitting multi-month or multi-year lows.
It is worth noting that at today’s session low, declining shares outnumbered risers by more than three to one, a ratio that was reversed towards the end of trading.
On the other hand, it could be argued that today’s buyers prevented a third consecutive losing session through selective purchases of index heavyweights. But sentiment in the domestic market remains cautious, and international markets continue to set the tone and shape sentiment on the Athens Exchange.
According to Manos Hatzidakis (Beta Sec.), “the arrival of November puts critical political (US, Spain, Israel), economic (earnings) and geopolitical milestones (Ukraine, Iran, the energy link with Cyprus) in focus. Their outcome will determine risk appetite in international markets and, by extension, on the Greek stock market”.
Turning to international markets, as investors assess the progress of peace talks between the US and Iran, “the US carried out strikes on Iran’s Qeshm Island, in the Strait of Hormuz,” a US official told Reuters.
US President Donald Trump left open the possibility of the US striking Iran’s suspected underground nuclear complex at Mount Pickaxe if no deal is reached with Tehran.
Meanwhile, “a Qatari foreign ministry spokesman confirmed consultations between the US and Iran. The talks in the Iranian capital were positive, he said,” according to Al Jazeera.
Doubts also persist over the outlook for investment in artificial intelligence and the valuations of several companies in the sector. All this comes as foreign investors begin closing their books from the middle of the month towards month-end, with whatever implications that may have.
Meanwhile, “eurozone countries have until 6 November to submit nominations for the position of the next president of the European Central Bank,” a Eurogroup spokesman said in an announcement today.
“Finance ministers from countries that have adopted the euro are expected to consider the nominations at the Eurogroup meeting on 9 November,” Reuters reported.
The main event of what is expected to be a volatile week is today’s US midterm elections, although full results may not be known until Wednesday or even later. The Bank of England’s decision follows on Thursday. The eurozone’s preliminary estimate for October inflation is due on Wednesday.
According to Beta Sec., “after the NYSE closes today, results are due from AMD, Amgen, Arista Networks, Block and Booking Holdings. On Wednesday 4 November, before the market opens, results are due from Flutter Entertainment, McDonald’s, Novo Nordisk and Uber. After the close, results are due from Arm, Diversified Energy, Qualcomm and Snap, with IonQ’s results also expected. On Thursday 5 November, before the market opens, results are due from AngloGold Ashanti, ConocoPhillips, Lemonade, Unity Software and Viatris, with D-Wave Quantum also expected. Airbnb and Cloudflare report after the close. On Friday 6 November, Moderna reports before the market opens, while Wheaton Precious Metals reports after the market closes”.
In Greece, bank earnings and management updates on the year-end and on 2027 will keep the sector’s shares in focus. But, as noted above, most of the market remains on a downward path.
On 4 November 2026, results are due from ΕΤΕ after the market closes. A conference call to present and discuss the results will be held at 18:00 the same day. BOCHGR reports on 5 November 2026, OPTIMA on 11 November 2026 and CREDIA. on 12 November 2026.
Among other corporate results, Piraeus Port Authority reports after the close today. On Wednesday 4 November, Coca-Cola HBC releases its third-quarter sales update before the market opens, followed by Lamda Development on the same day. TITC and Metlen report on Thursday 5 November, while Alpha Bank will publish its updated three-year business plan that day.
On Friday 6 November, Fitch will announce its verdict on Greece’s sovereign rating.
The “Mid Cap Conference” will be held in Athens again on 10 November.
Twenty-two companies will take part in the presentation: Alter Ego Media, Alumil, Avax, BriQ Properties, Capital Maritime Finance, EKTER, Ideal, Interlife, Kri-Kri, Lavipharm, Noval Property, ONYX, Orilina, Performance Technologies, Premia, Profile, Qualco, Real Consulting, Thrace Plastics, Safe Bulkers, Trade Estates and Trastor.
According to comments from institutional investors, this presentation is expected to attract more interest and participation than yesterday’s “Euronext Athens Small Cap Conference 2026”, because it includes companies with higher market capitalisations.
Investors are also awaiting MSCI’s announcement on its quarterly index review. The changes will be announced late on the evening of 11 November 2026 and take effect on 1 December 2026, with investors rebalancing their positions on Monday 30 November 2026.
FTSE Russell’s index changes will be announced on 13 November, with rebalancing on 18 December.
On 30 November and 1 December, the focus shifts to London, where the Morgan Stanley & Euronext Athens Greek Investment Conference 2026 will be held.
According to technical analysis, as long as the General Index fails to close above 2,640–2,643 points, the prospect of filling the gap at 2,518–2,498 points remains live, particularly if international sentiment deteriorates again.
Major European markets were in negative territory, with traders watching oil prices as well as yields in the government bond market.
More specifically, the yield on the US two-year Treasury climbed to 4.63%, that on the 10-year to 4.96%, and the 30-year yield to 5.32%. The Greek 10-year yield stood at 4.253%, while the yield on the equivalent French bond was 4.94%.
The General Index ranged between 2,576.25 (-1.01%) and 2,616.48 points (+0.54%). At 17:00 it stood at 2,615.33 (+0.50%); the closing auctions lifted it to a new high of 2,617.86 (+0.59%), before it finished trading at 2,616.12 points, up 0.53% on the day.
Turnover was €272.9 million, of which €18 million came from pre-agreed transactions (CREDIA, AEM, BOCHGR, ΕΛΠΕ, ΑΛΦΑ, ΟΡΙΛΙΝΑ, ΕΥΡΩΒ, ΚΟΥΕΣ, ΕΤΕ, ΠΕΙΡ, ΜΟΗ, ΑΛΦΑ). ΕΥΡΩΒ, ΠΕΙΡ, ΕΤΕ and ΑΛΦΑ accounted for 59% of total gross trading value.
Of total turnover of €272.9 million, €256.8 million came from trades in FTSE25 shares.