Stock Markets April 2, 2026

Athens Benchmark Ends Lower as Telecoms, Household and Basic Resources Weigh on Market

Athens General Composite retreats 0.55% after a session dominated by sector losses and mixed commodity moves

By Hana Yamamoto
Athens Benchmark Ends Lower as Telecoms, Household and Basic Resources Weigh on Market

Greece's Athens General Composite closed down 0.55% on Thursday, with declines concentrated in the Telecoms, Household and Basic Resources sectors. Market breadth favored decliners, while select stocks outperformed. Commodities moved sharply, with gold down and crude oil up, and major FX pairs showing modest changes.

Key Points

  • Athens General Composite fell 0.55% at the close on Thursday.
  • Sector weakness was concentrated in Telecoms, Household and Basic Resources, contributing to the decline.
  • Market breadth was negative with 101 decliners, 26 advancers and 9 unchanged; notable individual movers included Allwyn AG (AT:ALWr) and Fourlis Hld (AT:FRLr).
  • Commodities showed divergence - gold futures fell 2.20% to $4,707.12/oz while crude oil for May delivery jumped 8.93% to $109.06/bbl and Brent June rose 5.42% to $106.64/bbl.

Greek equities finished the trading day in negative territory on Thursday, as sector-level weakness drove the benchmark lower. At the close in Athens, the Athens General Composite was down 0.55%.

Sector performance was uneven, with the Telecoms, Household and Basic Resources groups recording notable losses that contributed to the overall decline. Broad market participation tilted toward falling names - 101 issues closed lower versus 26 advancers, while 9 stocks ended unchanged on the Athens Stock Exchange.

Within the index, a handful of names bucked the downward trend. Allwyn AG (AT:ALWr) led the gainers, rising 2.54% or 0.36 points to finish at 14.56. Dimand Societe Anonyme for Real Estate Constructions (AT:DIMANDr) added 2.51% or 0.30 points to close at 12.25. Piraeus Port (AT:OLPr) also outperformed, increasing 2.03% or 0.75 points to end the session at 37.70.

On the other end of the spectrum, several names recorded larger losses. Fourlis Hld (AT:FRLr) was the worst performer, slipping 3.96% or 0.18 points to 4.36 at the close. Interlife General Insurance Company SA (AT:INLIFr) dropped 3.95% or 0.24 points to 5.84, and Elvalhalcor Hellenic Copper and Aluminium Industry SA (AT:ELHA) fell 3.75% or 0.14 points to 3.59.

Commodities posted mixed moves during the session. Gold futures for June delivery moved lower by 2.20% or 105.98 to trade at $4,707.12 a troy ounce. Oil markets saw sharp gains - crude oil for May delivery rose 8.93% or 8.94 to $109.06 a barrel, while the June Brent contract increased 5.42% or 5.48 to $106.64 a barrel.

Currency and futures markets were relatively subdued. The EUR/USD rate was effectively unchanged at 1.15, showing a 0.37% reading, and EUR/GBP registered a 0.22% reading at 0.87. The US Dollar Index futures were up 0.31%, trading at 99.77.


Market takeaway: Thursday's session closed with the Athens index lower, led by losses in Telecoms, Household and Basic Resources, while several individual names recorded solid gains. Commodities experienced notable intraday volatility, particularly in oil and gold.

Risks

  • Volatility in commodity prices - notable intraday moves in crude oil and gold could influence market sentiment and sector performance, particularly for Basic Resources.
  • Sector-specific weakness in Telecoms, Household and Basic Resources may pressure related stocks and weigh on the broader index.
  • Negative market breadth - a substantially larger number of decliners versus advancers indicates potential vulnerability in overall market momentum.

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