Stock Markets February 9, 2026

Athens Benchmark Sinks as Banking, Telecoms and Household Stocks Drag Index Down

Athens General Composite retreats 1.43% at Monday close amid broad sector weakness and commodity and FX moves

By Ajmal Hussain
Athens Benchmark Sinks as Banking, Telecoms and Household Stocks Drag Index Down

Greek equities closed lower Monday with the Athens General Composite down 1.43% as losses in banking, telecoms and household names weighed on the market. Market breadth showed a clear skew toward declines, while select stocks recorded multi-year highs. Commodities and currency markets moved notably, with gold and oil climbing and the euro strengthening against the dollar.

Key Points

  • Athens General Composite fell 1.43% at the close, with Banking, Telecoms and Household sectors leading losses.
  • Market breadth was negative: 85 stocks declined, 33 advanced and 12 finished unchanged.
  • Commodities and FX saw notable moves: April gold futures rose 2.08% to $5,083.55 an ounce; March crude oil hit $64.16 a barrel; EUR/USD was up 0.79% to 1.19.

Greece's stock market finished the trading day in negative territory on Monday, with the Athens General Composite ending the session down 1.43%.

The session's decline was driven in part by notable falls in the Banking, Telecoms and Household sectors, which collectively pressured the broader index.

Top performers

  • Ekter (AT:EKTr) outpaced peers, rising 5.13% or 0.20 points to close at 4.10.
  • Gr Sarantis SA (AT:SRSr) added 2.55% or 0.36 points to finish the day at 14.46.
  • Kri-Kri Milk (AT:KRIr) advanced 1.74% or 0.40 points to end at 23.35.

Lagging names

  • Alpha Bank SA (AT:ACBr) was the session's weakest large-cap, sliding 5.51% or 0.24 points to close at 4.19.
  • Metlen Energy & Metals (AT:MTLNr) decreased 3.90% or 1.50 points to finish at 37.00.
  • Ilyda SA Class R (AT:ILYr) fell 3.80% or 0.19 points to end the session at 4.81.

On the Athens Stock Exchange, decliners outnumbered advancers by a wide margin: 85 stocks fell compared with 33 that rose, while 12 shares were unchanged at the close.

Two stocks recorded notable milestone prices during the session. Shares of Ekter (AT:EKTr) rose to 5-year highs, gaining 5.13% or 0.20 to reach 4.10. Kri-Kri Milk (AT:KRIr) advanced to an all-time high, adding 1.74% or 0.40 to close at 23.35.


Commodities and currencies

In commodities trading, Gold Futures for April delivery were up 2.08% or 103.75 to $5,083.55 a troy ounce. Crude oil for delivery in March rose 0.96% or 0.61 to $64.16 a barrel, while the April Brent oil contract gained 1.00% or 0.68 to trade at $68.73 a barrel.

Currency markets showed the euro strengthening against the dollar and broadly flat versus sterling. EUR/USD was up 0.79% to 1.19, while EUR/GBP was unchanged 0.30% to 0.87. The US Dollar Index Futures was down 0.74% at 96.78.

The combination of sector-specific weakness in Athens and moves in commodities and FX created a mixed backdrop for investors at the close of Monday's trading.

Market breadth and closing context

With the bulk of issues declining and several high-profile names posting losses, the market closed with a clear negative tilt. At the same time, a handful of stocks reached multi-year and record highs, underlining that strength remained concentrated in select areas even as the overall index retreated.

Risks

  • Concentrated sector weakness in Banking, Telecoms and Household could continue to put downward pressure on the Athens General Composite - these sectors are directly implicated by the session's losses.
  • Narrow market leadership, with only a small set of stocks making gains while the majority decline, increases vulnerability to further downside if breadth does not improve - equity market breadth impacts overall market stability.
  • Volatility in commodities and currency markets, evidenced by moves in gold, oil and EUR/USD, may influence investor sentiment and cross-asset flows - markets sensitive to commodity and FX swings may see elevated risk.

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