A session of strong volatility took place today on the Greek stock market, which was affected by the jitters in international markets, although it presented a… less bad picture than most European bourses.

Investors’ movements were nervous. Despite the initial “dip”, buyers came out on the counterattack, leading the General Index temporarily above 1,710 points. However, thereafter, the scene changed again with sellers prevailing across the board.

Specifically, in Thursday’s session (3/4), the GD fell by 30.19 points or -1.77% to close at 1,678.70 points. It moved in a range of more than 35 points, with a daily high of 1,712.13 points and a daily low of 1,676.28 points.

This is the lowest close in the last three weeks, specifically since March 13 (1,671.35 points). Turnover reached a high level, exceeding 200 million euros.

Banks were at the center of the liquidation, with the sector index sliding by around -3%.

Eurobank came under the strongest pressure, recording a -4% “dip”. Large losses were also recorded in some blue chips, such as PPC and Motor Oil, with the latter also affected by the results announced yesterday. On the other hand, Coca-Cola HBC continued on an upward trajectory and even “jumped” +2%, closing at a new all-time high and approaching 43 euros for the first time.

Profile stood out in the mid-cap sector, in the wake of the ambitious plan presented by the management of the listed company to analysts.

Tariffs are a new reality – Motor Oil takes centre stage

April 2 is of historic importance as it radically changes global trade under Donald Trump’s “rubber stamp” through the aggressive and far-reaching countervailing tariffs program he has put in place. At the same time, he announced additional targeted measures on some 60 countries that run large trade surpluses with the US.

On a domestic basis, the focus today was on Motor Oil, due to the results announced yesterday after the close of trading. Adjusted EBITDA for the second quarter amounted to €173 million, resulting in a full year 2024 adjusted EBITDA of €994 million. Adjusted net income for the second quarter was EUR 44 million (EUR 504 million for the full year), with management recommending a final dividend of EUR 1.1/share (5% yield), bringing the total dividend for 2024 to EUR 1.4/share.

“Going forward, outperformance/maintaining the domestic trend will require ‘opening the fan’ and more active participation of notable non-banking securities, which have issued excellent results and justify a comfortable dividend payment but continue to avoid the ‘spotlight’,” says Petros Steriotis in his weekly commentary on the Athens Exchange.

At the same time, “the next economic and SA ratings are imminent, which … will tell us what we have already understood, namely that the macro and board picture has improved and that the outlook remains supportive going forward,” the portfolio manager and member of the International Federation of Technical Analysts adds, among other things.