Stock Markets March 9, 2026

Athens market retreats as banking, telecoms and household names weigh on index

Athens General Composite slips 0.94% with mixed individual movers; commodities see sharp moves

By Jordan Park
Athens market retreats as banking, telecoms and household names weigh on index

Greece's main index closed lower on Monday, led by losses in the Banking, Telecoms and Household sectors. The Athens General Composite finished the session down 0.94% amid a market breadth skewed toward decliners. Individual winners included Alumil, Dimand and Austriacard, while Cenergy, Intralot and Elvalhalcor recorded the steepest declines. Commodities and currency markets also registered notable moves during the session.

Key Points

  • Athens General Composite closed down 0.94%, with Banking, Telecoms and Household sectors leading declines.
  • Market breadth was negative: 97 decliners, 20 advancers and 13 unchanged.
  • Notable stock moves included Alumil, Dimand and Austriacard as top gainers, and Cenergy, Intralot and Elvalhalcor as largest losers; commodities saw gold fall and crude oil rise sharply.

Greece's stock market ended Monday's session in negative territory, with the Athens General Composite falling 0.94% at the close. Pressure came from several sector groups, notably Banking, Telecoms and Household stocks, which collectively contributed to the downward reading.

Market breadth in Athens was decidedly weak by the close. Falling issues outnumbered advancing ones by 97 to 20, while 13 stocks finished unchanged. That skew was reflected in the session's individual top performers and laggards.

Top performers

  • Alumil (AT:ALMr) led gains among listed constituents, rising 3.56% - a 0.20 point increase to close at 5.82.
  • Dimand Societe Anonyme for Real Estate Constructions (AT:DIMANDr) added 3.25%, or 0.40 points, to finish at 12.70.
  • Austriacard Holdings AG (AT:ACAGr) advanced 3.23%, up 0.21 points to end the day at 6.71.

Largest decliners

  • Cenergy Holdings SA (AT:CENEr) registered the biggest fall, down 6.65% or 1.28 points to close at 17.98.
  • Intralot Integrated Lottery Systems and Services SA (AT:BYLOTr) slipped 4.96%, a 0.05 point decline to 0.90 at the close.
  • Elvalhalcor Hellenic Copper and Aluminium Industry SA (AT:ELHA) fell 4.67%, losing 0.19 points to end at 3.78.

Outside equities, commodities trading displayed meaningful moves during the session. Gold futures for April delivery fell 1.04%, a decline of 53.81 to settle at 5,104.89 a troy ounce. Crude oil for April delivery climbed 5.78%, gaining 5.25 to reach 96.15 a barrel, while the May Brent contract rose 6.43%, up 5.96 to trade at 98.65 a barrel.

In foreign exchange markets, the EUR/USD rate was effectively unchanged at 1.16, reflecting a 0.29% move, while EUR/GBP was also broadly unchanged at 0.87, a 0.09% movement. The US Dollar Index Futures registered a modest uptick, rising 0.10% to 99.08.


The session's results leave Athens below the previous close, with sector-level weakness concentrated in Banking, Telecoms and Household names. Equity participation favored sellers by a wide margin, and commodity prices showed divergent action with gold lower and crude oil notably higher.

Risks

  • Sector concentration of losses in Banking, Telecoms and Household may prolong downside pressure on the Athens index - impacts the financial, communications and consumer-related market segments.
  • Significant divergence in commodity prices, with gold down and crude oil up, introduces volatility risk for resource-linked and inflation-sensitive sectors.
  • Negative market breadth, with far more decliners than advancers, signals potential ongoing selling pressure across equities - risk to overall market liquidity and sentiment.

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