Losses were recorded by the Athens Stock Exchange on Tuesday (19.09.2023). The general stock price index closed down by 1.91%. The turnover was 87.18 million euros.
The Athens Stock Exchange fell below the levels of 1,230 points on Tuesday, September 19, as share prices came under strong pressure.
From the high capitalization, the focus of the liquidations were the banking shares and the securities of Aegean and Viohalco, while the shares of Coca Cola HBC, OTE and PPA moved against the current. The total capitalization of the market decreased by 1.14 billion euros in relation to yesterday’s (date 18.09.2023) session.
The General Price Index closed at 1,227.78 points, down 1.91%.
Intra-sessionally it recorded a higher price at 1,258.49 units (+0.55%) and a lower price at 1,219.92 units (-2.54%).
The value of the transactions amounted to 87.18 million euros, while 25,494,614 shares were traded.
The large-cap index fell 2.08%, while the mid-cap index fell 1.30%.
Among the high capitalization shares, the shares of Coca Cola HBC (+0.80%), OTE (+0.60%) and PPA (+0.48%) recorded an increase.
On the contrary, the largest decline was recorded by the shares of Aegean (-5.75%), Ethniki (-5.28%), Alpha Bank (-4.79%), Viohalco (-4.00%), Terna Energy (-3.59%) and Jumbo (-3.55%).
From the individual indices, the indices of food (+0.77%) and Telecommunications (+0.56%) recorded an increase, while the largest losses were recorded by the indices of raw materials (-3.54%), Personal Products (-3.48%) and Banks (-3.35%).
The largest volume of transactions was presented by Alpha Bank and Eurobank, trading 7,662,503 and 6,062,124 shares, respectively.
The highest value of transactions was recorded by Piraeus with 10.67 million euros and Alpha Bank with 10.41 million euros.
14 stocks moved up, 96 fell and 6 remained stable.
The biggest increase was recorded by the shares: MIG +20.47% and Yalco +5.83%.
The biggest drop was registered by the shares: Alumil -13.13% and Chaidemenos -11.94%.
Stocks in the large cap index closed as follows:
TITAN: 17.0800 -0.70%
ALPHA BANK: 1,3420 -4,79%
AEGEAN AIRLINES: 11,4800 -5,75%
VIOHALCO: 6,0000 -4,00%
GEK TERNA: 12.7000 -0.78%
PPC: 9.6150 -1.44%
COCA COLA HBC:26,4000 +0,80%
ELLAKTOR: 16.0000 -0.62%
ELPE: 7.3600 -0.94%
ELVALHALCOR: 1,8720 -2,30%
NATIONAL: 5.4940 -5.28%
EYDAP: 5.9500 -2.46%
EUROBANK: 1.4865 -0.87%
STOCK QUEST: 5.9500 -1.33%
LAMDA DEVELOPMENT: 5,9300 -2,23%
MOTOR OIL: 23,3000 -2,92%
JUMBO: 26,1200 -3,55%
MYTILINEOS: 36.8200 -2.18%
PPA:21.1000 +0.48%
OPAP: 16.1500 -0.92%
OTE: 13.4300 +0.60%
AUTOHELLAS: 12.7200 -2.90%
PIRAEUS: 2.8760 -2.84%
SARANTIS: 7.5300 -2.71%
TERNA ENERGY: 15.5700 -3.59%.
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– What were the main factors contributing to the losses on the Athens Stock Exchange on September 19, 2023?
Table of Contents
Athens Stock Exchange Records Losses on Tuesday, 19th September 2023
The Athens Stock Exchange (ASE) experienced a decline on Tuesday, 19th September 2023, with the general stock price index closing down by 1.91%. The turnover for the day was 87.18 million euros, marking a significant drop in market activity.
Market Performance
The ASE’s general price index closed at 1,227.78 points, a decrease of 1.91% compared to the previous day’s session. During the intra-session, the index recorded a high of 1,258.49 units (+0.55%) and a low of 1,219.92 units (-2.54%). The total capitalization of the market decreased by 1.14 billion euros compared to the previous day’s session.
Large-Cap Index Performance
The large-cap index fell 2.08%, while the mid-cap index fell 1.30%. Among the high capitalization shares, Coca Cola HBC (+0.80%), OTE (+0.60%), and PPA (+0.48%) recorded an increase. On the other hand, Aegean (-5.75%), Ethniki (-5.28%), Alpha Bank (-4.79%), Viohalco (-4.00%), Terna Energy (-3.59%), and Jumbo (-3.55%) experienced significant declines.
Sector Performance
The indices of food (+0.77%) and Telecommunications (+0.56%) recorded an increase, while the largest losses were recorded by the indices of raw materials (-3.54%), Personal Products (-3.48%), and Banks (-3.35%).
Trading Volumes and Values
The largest volume of transactions was presented by Alpha Bank and Eurobank, trading 7,662,503 and 6,062,124 shares, respectively. The highest value of transactions was recorded by Piraeus with 10.67 million euros and Alpha Bank with 10.41 million euros.
Winner and Loser Stocks
Out of the total 116 stocks traded, 14 stocks moved up, 96 fell, and 6 remained stable. The biggest increase was recorded by MIG +20.47% and Yalco +5.83%. On the other hand, the biggest drop was registered by Alumil -13.13% and Chaidemenos -11.94%.
Large Cap Stocks Performance
Some of the large-cap stocks that closed with significant changes include:
TITAN: 17.0800 -0.70%
ALPHA BANK: 1,3420 -4,79%
AEGEAN AIRLINES: 11,4800 -5,75%
VIOHALCO: 6,0000 -4,00%
GEK TERNA: 12.7000 -0.78%
PPC: 9.6150 -1.44%
COCA COLA HBC: 2…
The decline in the Athens Stock Exchange on Tuesday, 19th September 2023, is a reflection of the ongoing market volatility and investor sentiment. As the market continues to fluctuate, investors will be keeping a close eye on the performance of individual stocks and sectoral indices to make informed investment decisions.
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Athens Stock Exchange (ASE) – 5 instances
General stock price index – 2 instances
Large-cap index – 2 instances
Mid-cap index – 1 instance
Sectoral indices – 1 instance
Trading volumes and values – 1 instance
Winner and loser stocks – 1 instance
Large-cap stocks – 1 instance
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– What factors contributed to the 1.91% loss in the Athens Stock Exchange on September 19, 2023?
Athens Stock Exchange Records Significant Losses: Down 1.91% on September 19, 2023
The Athens Stock Exchange (ASE) experienced a notable decline on Tuesday, September 19, 2023, with the general stock price index closing down by 1.91%. The turnover for the day stood at 87.18 million euros, with 25,494,614 shares traded. This significant drop marked a worrying trend for investors, with the market’s total capitalization decreasing by 1.14 billion euros compared to the previous session.
Main Contributors to the Losses
The banking sector was one of the main contributors to the losses, with shares of Alpha Bank, National Bank of Greece, and Eurobank falling by 4.79%, 5.28%, and 0.87%, respectively. Additionally, the securities of Aegean Airlines and Viohalco declined by 5.75% and 4.00%, respectively. These losses were partially offset by gains in Coca Cola HBC, OTE, and PPA, which rose by 0.80%, 0.60%, and 0.48%, respectively.
Sector-Wise Performance
The raw materials index suffered the largest losses, declining by 3.54%, followed by the personal products index, which fell by 3.48%. The banking index also witnessed significant declines, dropping by 3.35%. On the other hand, the food and telecommunications indices bucked the trend, increasing by 0.77% and 0.56%, respectively.
Individual Stock Performances
The biggest gainers for the day were MIG, which surged by 20.47%, and Yalco, which rose by 5.83%. On the other hand, Alumil and Chaidemenos witnessed significant declines, falling by 13.13% and 11.94%, respectively.
What’s Next for the Athens Stock Exchange?
The recent losses on the Athens Stock Exchange are a cause for concern, particularly given the ongoing economic uncertainty in Greece and the European Union. As investors continue to navigate these challenging market conditions, it remains to be seen whether the ASE can recover from these losses and regain momentum in the coming days.
Key Takeaways
The Athens Stock Exchange closed down 1.91% on September 19, 2023, with a turnover of 87.18 million euros.
The banking sector and securities of Aegean Airlines and Viohalco were among the main contributors to the losses.
Coca Cola HBC, OTE, and PPA were among the few gainers for the day.
The raw materials and personal products indices suffered significant declines, while the food and telecommunications indices bucked the trend.
Stay tuned for further updates on the Athens Stock Exchange and its performance in the coming days.
Keywords: Athens Stock Exchange, losses, banking sector, Aegean Airlines, Viohalco, Coca Cola HBC, OTE, PPA, raw materials, personal products, food, telecommunications.
