Stock Markets January 29, 2026

Athens Stocks Close Lower as Banking, Telecoms and Household Names Drag Index Down

Athens General Composite slips 0.54% as select midcaps climb while major lenders retreat

By Jordan Park
Athens Stocks Close Lower as Banking, Telecoms and Household Names Drag Index Down

Greek equities ended Thursday’s session in negative territory, with the Athens General Composite declining 0.54%. Losses were concentrated in the Banking, Telecoms and Household sectors, although several individual stocks posted strong gains. Market breadth favored decliners, and commodity and currency markets showed notable moves during the session.

Key Points

  • Athens General Composite ended the session down 0.54%, driven by losses in Banking, Telecoms and Household sectors.
  • Austriacard (AT:ACAGr), Optima bank (AT:OPTIMAr) and Elvalhalcor (AT:ELHA) were the day’s top gainers, while Alpha Bank (AT:ACBr), Eurobank (AT:EURBr) and Avax (AT:AVAr) led decliners.
  • Commodities and FX showed notable moves: April gold futures fell sharply, while crude oil contracts for March and April rose; EUR/USD and EUR/GBP were relatively unchanged.

Greek shares finished lower on Thursday, with weakness in banking, telecommunications and household-related stocks outweighing gains elsewhere. At the close in Athens the Athens General Composite fell 0.54%.

Among the session’s strongest performers were Austriacard Holdings AG (AT:ACAGr), Optima bank SA (AT:OPTIMAr) and Elvalhalcor Hellenic Copper and Aluminium Industry SA (AT:ELHA). Austriacard led advancers, rising 6.39% or 0.45 points to close at 7.49. Optima bank added 3.46% or 0.29 points to finish at 8.67, while Elvalhalcor gained 3.44% or 0.16 points to end the day at 4.81.

Below are the session’s top movers:

  • Top performers:
    • Austriacard Holdings AG (AT:ACAGr) +6.39% to 7.49
    • Optima bank SA (AT:OPTIMAr) +3.46% to 8.67
    • Elvalhalcor Hellenic Copper and Aluminium Industry SA (AT:ELHA) +3.44% to 4.81
  • Lagging names:
    • Alpha Bank SA (AT:ACBr) -4.24% to 4.02
    • Eurobank Ergasias SA (AT:EURBr) -3.26% to 4.19
    • Avax SA (AT:AVAr) -2.60% to 3.37

Market breadth was tilted toward declines, with 63 issues falling and 49 advancing on the Athens Stock Exchange; 23 stocks finished unchanged.

Two stocks reached notable price milestones during the session. Shares of Austriacard rose to 52-week highs, increasing 6.39% or 0.45 to 7.49. Elvalhalcor shares climbed to five-year highs, gaining 3.44% or 0.16 to 4.81.

Commodities and foreign exchange markets recorded mixed moves during the trading day. Gold Futures for April delivery were reported down 2.67% or 142.74 to $5,197.46 a troy ounce. In energy markets, crude oil for March delivery rose 3.18% or 2.01 to $65.22 a barrel, while the April Brent contract increased 2.88% or 1.94 to $69.31 a barrel.

Currency pairs saw limited change: EUR/USD was unchanged at a 0.25% move to 1.19, and EUR/GBP was unchanged at a 0.15% move to 0.87. The US Dollar Index Futures was up 0.09% at 96.36.

The session captured a mix of sector-level pressure and idiosyncratic strength among individual issuers, leaving the headline index modestly lower at the close.

Risks

  • Banking-sector declines pose downside risk to the broader index given the weight of financials among the market movers - impacts financials and market breadth.
  • Volatility in commodity prices, evidenced by a sharp drop in gold futures and gains in crude oil contracts, could create uncertainty for resource-linked and industrial firms - impacts industrials and materials sectors.
  • Currency and interest-rate sensitivity, reflected in modest moves in EUR/USD, EUR/GBP and the US Dollar Index Futures, may influence exporters and importers and affect market sentiment - impacts exporters, importers and FX-exposed sectors.

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