Greek stocks ended Tuesday's session with pronounced declines as selling pressure hit multiple sectors, led by Banking, Telecoms and Household names.
At the close in Athens, the Athens General Composite dropped 5.75% to register a new three-month low.
Among constituents, Orilina Properties AEEAP (AT:ORILINAr) was one of the better performers on the index but still fell 0.99% or 0.01 points to close at 0.80. Hellenic Exchanges Athens Stock Exchange SA (AT:EXCr) declined 1.44% or 0.10 points to finish at 6.85, while BriQ Properties REIC (AT:BRIQr) ended down 1.67% or 0.05 points at 2.95.
The weakest stocks on the session included Elvalhalcor Hellenic Copper and Aluminium Industry SA (AT:ELHA), which plunged 12.38% or 0.52 points to trade at 3.68 at the close. Unibios Holdings SA (AT:VILr) fell 11.02% or 0.27 points to end at 2.18, and Ekter (AT:EKTr) lost 10.07% or 0.38 points to close at 3.35.
Market breadth was heavily skewed to the downside: falling issues outnumbered advancing ones on the Athens Stock Exchange by 123 to 5, while 7 stocks finished unchanged.
Commodities and currencies saw notable moves during the session. Gold futures for April delivery fell 4.37% or 232.11 to $5,079.49 a troy ounce. In crude markets, April delivery crude oil rose 8.16% or 5.81 to $77.04 a barrel, and the May Brent oil contract gained 7.67% or 5.96 to trade at $83.70 a barrel.
FX markets reflected a firmer dollar and some euro weakness: EUR/USD was down 0.98% to 1.16, while EUR/GBP was essentially unchanged, moving 0.11% to 0.87. The US Dollar Index Futures strengthened 1.00% to 99.32.
Summary of session dynamics:
- Major sectors weighed on the index: Banking, Telecoms and Household names led declines.
- Several individual stocks recorded double-digit percentage drops at the close.
- Commodities and currency moves accompanied the equity sell-off, with oil rising and gold falling sharply.