A session of strong volatility took place on the Greek stock market, with the General Index holding above the 1,700 support point, despite being threatened intraday. Athens aligned itself with the climate of uncertainty in global markets due to continued changes in the US stance towards China and the Federal Reserve. Buyers marginally prevailed in the auctions, keeping the DA on an upward trajectory for the third consecutive day.

Specifically, in Thursday’s (24/4) session, the General Index gained 1.16 points or +0.07% to close at 1,705.63 points, hovering between 1,695.09 (low of the day) and 1,708.21 points (high of the day). April is positive (+1.21%), with four more sessions left to complete the month. At +16.06%, the GD yield this year, while the difference from the one-year (and 15-year – August 2010) high of 1,749.90 points is estimated at -2.53%.

The 16-year record (June 2009) was “flirted with” by OPAP, which was in the spotlight today due to the packages traded for 0.32% of the share capital. In particular, four packages of around 1.2 million shares were passed, which changed hands at prices between EUR 18.725 and EUR 18.8 per share. The total value of the above transactions is estimated at EUR 22.4 million.

Above 16 euros, OTE is consolidating, with the telecom group’s shares closing at a new three-year high and specifically at the highest point since August 2022. Profile and Alumil remained in record territory, with the former extending its all-time high and the latter touching peaks not seen for 17 years (December 2007).

Selective moves were the main feature of today’s session, as the domestic market tuned into the cautious trading of other European bourses. The Athens Stock Exchange returned above 1,700 points for the first time since April 3, “erasing” the monthly losses due to the turbulence from the global sell-off, which had led the General Index to 1,455 points.

With a London “flavour”, the publication of the first quarter estimates by Metlen took place today, as it was done in line with the standards followed by the British FTSE 100 index. According to the trading update of the listed company, revenues amounted to EUR 1.5 billion compared to EUR 1.143 billion in the corresponding period of 2024, an annual increase of +31%. A detailed presentation of the financial performance will be made at the Capital Markets Day on 28 April.

Nervousness in international markets

Wall Street maintained an upward trend on Wednesday, although it closed off the day’s highs in the wake of cautious statements by US Treasury Secretary Scott Besed, who dismissed the possibility of unilaterally cutting tariffs on China. The Dow Jones and the S&P 500 gained more than +1%, while the Nasdaq moved higher by +2.5%. Today’s session on Wall Street began with a mild decline, but the scene quickly changed on the board. Now the major indices are moving higher, with the Nasdaq standing out with a “jump” of +1.5%.

Caution prevails on European stock markets as the White House’s “soft releases” on tariffs continue. The pan-European Stoxx 600 index is up +0.1%, trading at 517 points, despite an initial drop. Germany’s DAX is higher by +0.2%, while the UK’s FTSE 100 retreats by -0.3%. Asian bourses are mixed, with Japan’s Nikkei up +0.5%.