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Mini crash on the Athens Stock Exchange, with losses of more than 4%, due to the new mutation - Sell off in the markets

1 Dec, 2021
Mini crash

Mini crash

Mini crash

Mini crash at greek stock exchange and large losses in international markets caused by the terror due to the emergence of its new mutation coronavirus.

The General Index is now falling more than 4% (-4,46% at 15:00) and stands at 858,92 points.

The banking sector is under the greatest pressure, while the majority of Greek blue chips are in a "sales pound".

The index of high capitalization decreased by 4,42%, while the index of medium capitalization decreased by 4,72%.

All high-capitalization stocks are losing money. The biggest drop is recorded by the shares of Piraeus (-7,47%), Alpha Bank (-6,64%), Aegean Airlines (-6,37%), Viohalco (-5,68%), Ellactor (-5,65%) and National (-5,39%).

The sub-indices are declining and the biggest losses are recorded by the indices of Banks (-5,57%) and Raw Materials (-5,49%).

Alpha Bank and Eurobank present the largest volume of transactions with 10.415.045 and 6.394.478 shares, respectively. The highest value of transactions is recorded by Alpha Bank with 10,908 million euros and PPC with 7,099 million euros.

12 stocks are up, 120 are down and 4 are flat. The biggest increase is recorded by the shares: Ktima Lazaridi + 17,53% and Mills Kepenou + 15,50%. The biggest drop is recorded by the shares: Varvaresos -20,00% and Attica Bank -18,37%.

Big losses in European markets as well

The decline in European markets is also strong, as investors are worried about the new mutation of Covid-19 found in Botswana, Africa, which raises concerns about the effectiveness of vaccines.

The travel and transport sector in particular is hit hard in international markets, even with double-digit loss rates.

Many countries in Europe and the rest of the world have already announced travel restrictions to and from countries in South Africa where cases of the new mutation have been reported.

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