The Athens Stock Exchange tumbled 4.80% on Tuesday as intensifying conflict in Iran rattled investors and drove a broad market sell-off.
The market fell sharply below the 2,100-point threshold, reflecting mounting pressure on share prices amid renewed turbulence across European exchanges. Investors reacted to the widening war and a fresh surge in natural gas and oil prices.
At 12:00, the General Price Index stood at 2,095.40 points, marking losses of 4.80%. Trading value reached €138.25 million.
The large-cap index dropped 4.80%, while the mid-cap index declined 4.14%. All high-capitalisation stocks moved lower, with the sharpest losses recorded in Elvalhalcor (-9.40%), Viohalco (-8.42%), PPC (-7.13%), Eurobank (-5.86%) and National Bank (-5.60%).
Viohalco and Elvalhalcor shares led the sell-off as investors accelerated liquidations. PPC also faced strong downward pressure, while banking stocks suffered heavy losses.
Alpha Bank and Eurobank posted the highest trading volumes, exchanging 6,128,797 and 5,142,379 shares respectively. Alpha Bank recorded the highest trading value at €20.43 million, followed by Eurobank with €17.89 million.
Market breadth remained overwhelmingly negative, with 103 stocks declining, only seven advancing and six remaining unchanged.
Xylemporia (preferred) recorded the strongest gains at 9.40%, followed by Proodeftiki with a 2.48% rise. Doppler (-9.83%) and Lavipharm (-9.45%) posted the steepest declines.
The deep losses in Athens mirrored broader European market pressures as energy costs surged and geopolitical uncertainty intensified.
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