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Stock Market: Correction and High Turnover Due to MSCI

By Staff
Stock Market: Correction and High Turnover Due to MSCI
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The Greek stock market showed signs of fatigue, declining after consecutive 16-year highs, with bank stocks facing pressure. The General Index fell by 0.54%, closing at 2,334.66 points.

Turnover remained high, exceeding €600 million, due to the acceleration of Greece's upgrade to a developed market by MSCI. Banks, despite profit taking, are up 20% since the beginning of the year. Eurobank and Alpha Bank led the losses, while Optima bank recorded gains.

Metlen and OPAP stood out with gains, while DEH reached a new 18-year high. Titan raised €350 million through a bond issue. S&P upgraded DEH's outlook to positive.

Volatility prevails on Wall Street, while European stock exchanges are showing positive trends.

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Source: protothema.gr
Stock Market: Correction and High Turnover Due to MSCI | Hellenic.News