The Athens Stock Exchange followed the negative sentiment and the “sell-off” of shares in the international markets, which are retreating amid concerns about a possible recession in the American economy.
The free fall in share prices was accompanied by a surge in turnover, while the total market capitalization fell today by 5.938 billion euros.
The General Price Index closed at 1,341.23 points, recording heavy losses of 6.27%.
Intra-sessionally it recorded a lower price at 1,320.77 points (-7.70%).
Today’s decline limited the General Index’s annual gains to 3.72%.
The value of transactions amounted to 235.07 million euros, while 54,356,506 shares were traded.
The large-cap index fell 6.53%, while the mid-cap index fell 6.26%.
All the high capitalization shares closed with losses and the largest decline was recorded by the shares of Ellactor (-9.18%), Piraeus (-9.17%), Aegean Airlines (-8.51%), Viohalco (- 8.39%) and Mytileneos (-8.31%).
The largest volume of transactions was presented by Alpha Bank and Eurobank, trading 12,981,295 and 10,306,322 shares, respectively.
The highest value of transactions was recorded by Piraeus with 31.80 million euros and Alpha Bank with 19.61 million euros.
Indicative of the negative climate that prevailed today is the fact that just one share closed with an increase (Paputsanis +0.85%), 112 closed with a decrease and 15 remained stable.
The biggest fall was registered by the shares: Kordellos Brothers -11.64% and Geniki Emporiou -11.39%.
Stocks in the large-cap index closed as follows:
TITAN: 29.9500 -7.28%
ALPHA BANK: 1,5120 -7,07%
AEGEAN AIRLINES: 10,1000 -8,51%
VIOHALCO: 5,2400 -8,39%
GEK TERNA: 16.0600 -7.17%
AIA:7.4300 -4.74%
PPC: 10.4600 -6.44%
COCA COLA HBC: 31,4600 -5,30%
ELLAKTOR: 1.8000 -9.18%
ELPE: 6.8000-6.01%
ELVALHALCOR: 1,6700 -7,73%
NATIONAL: 7.1740 -6.59%
EYDAP: 5.2400 -6.26%
EUROBANK: 1.8885 -7.74%
LAMDA DEVELOPMENT: 6,9000 -6,50%
MOTOR OIL: 20,9000 -7,19%
JUMBO: 23,0800 -3,03%
MYTILINEOS: 32.2000 -8.31%
PPA: 24,900 -3.49%
OPAP: 14.8200 -5.61%
OTE: 14.0300 -5.07%
AUTOHELLAS: 10,6000 -5,69%
PIRAEUS: 3.4780 -9.17%
SARANTIS: 10.2800 -5.17%
TERNA ENERGY: 18.8500 -1.67%
Wall Street: Plunge for Dow Jones – Losses 5.1% for Nasdaq
US stocks on Wall Street opened in the red today (5/8/2024) as the sell off continues.
The Dow Jones sank 3.06% to 3,529 points, the Nasdaq sank 5.1% to 15,980 points, while the S&P 500 fell 3.4% to 5,163 points.
Minutes after the US market opened, here’s a breakdown of stocks moving in the S&P 500: More than 455 stocks are in the red, with Nvidia, Super Micro Computer and Citigroup among the index’s biggest laggards
About 20 stocks are trading higher, including Campbell Soup, Tyson Foods and ON Semiconductor.
The entire index is down more than 3.5%, the worst intra-session decline since 2022.
“Black Monday” in international markets
Monday’s session on Wall Street started with a new strong fall, with the losses of the Nasdaq exceeding -3% and the corresponding Dow Jones and S&P 500 -2.5%. The US stock market is coming off repeated poundings from sellers, with the S&P 500 notching its worst session in two years on Friday. The resurgence of recession fears has resulted in intense pressure on the technology, banking and energy sectors. At the same time, weaker US employment data fueled fresh concerns.
Vertigo triggers sell-off in European markets, with Stoxx 600 losses exceeding -2%. The pan-European index is trading at its lowest point since last February (6-month negative record). The British FTSE 100, the Italian FTSE MIB and the Spanish IBEX 35 are down by more than -2%, while the losses for the other major indices of the Old Continent exceed -1%.
Panic selling in Asia, with stock markets in Japan and South Korea recording double-digit declines. Nikkei plunged over 4,800 points or nearly -13.5% in Tokyo, erasing all gains of 2024, in worst session since Black Monday 1987. In Seoul, Kospi slid by or -8.8 %, while earlier it was losing more than -10%. Taiwan’s benchmark fell more than -8%. Australia’s S&P/ASX 200 lost -3.7%.
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