Greece's main stock index closed higher on Monday, with the Athens General Composite registering a 1.01% gain and touching a five-year high. Market breadth favored advancers over decliners, supported by strength in the Banking, Construction and Travel sectors.
Market movers
The session's top-performing equity was Elvalhalcor Hellenic Copper and Aluminium Industry SA (AT:ELHA), which climbed 7.72% - an increase of 0.41 points - to finish at 5.72. Viohalco SA (AT:VIOH) added 4.30%, rising 0.90 points to close at 21.85, while Aktor Symmetochon Technikon kai Energoiakon Ergon AE (AT:AKTRr) advanced 3.83% or 0.46 points to end the day at 12.46.
On the downside, Intracom Holdings SA (AT:INRr) posted the largest drop among major names, falling 4.81% or 0.18 points to 3.46 at the close. Piraeus Port Authority SA (AT:OLPr) declined 2.24%, slipping 0.90 points to 39.25, and Qualco Group SA (AT:QLCOr) lost 2.16% or 0.12 points to finish at 5.43.
Breadth and notable highs
Advancing issues outnumbered decliners on the Athens Stock Exchange by 70 to 45, with 18 stocks unchanged. Several names reached multi-year peaks during the session: Elvalhalcor and Aktor achieved five-year highs, while Viohalco reached an all-time high, according to closing prices provided.
Commodities and currencies
In commodities trading, August gold futures were down 0.63%, a decline of 26.85, to settle at 4,219.05 a troy ounce. Energy contracts were lower as well: August crude oil fell 2.28% or 1.73 to $74.12 a barrel, and the September Brent contract dropped 2.77% or 2.22 to $77.83 a barrel.
Currency markets showed limited movement. EUR/USD was unchanged at 1.14 while EUR/GBP held steady at 0.86. The US Dollar Index futures were up modestly, trading 0.05% higher at 100.67.
Context and implications
The upside in the Athens market was concentrated in sectors tied to domestic activity and industrial production, notably construction and metals, as well as travel-related names. The session's commodity declines occurred alongside the local equity gains and were reflected in both precious metals and crude oil contracts.
Disclosure
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