ATHEX: MSCI shake-up rattles local stock market

ATHEX: MSCI Shake-up Shakes Local Market

At the Athens Exchange on Thursday, stocks declined as investors showed little enthusiasm despite the new round of corporate earnings in an already volatile environment.

Market Performance

The ATHEX general index dropped to 1,998.38 points, down 0.80% from Wednesday’s 2,014.47 points. The large-cap FTSE-25 index slipped 0.79% to 5,042.06 points, while mid-cap shares managed a small gain of 0.10%.

Sector Overview

Banks index fell 1.05% overall.
National Bank declined 4.40%.
Optima Bank eased 2.15%.
Bank of Cyprus lost 1.26%.
Alpha Bank advanced 1.40%.

Impact of MSCI Reclassification

Changes to the MSCI indexes defined the market mood. Metlen was removed from the MSCI Standard Greece index due to its listing in London, while Cenergy Holdings and Viohalco joined the small-cap index.

Metlen shares sank 5.87%, Cenergy rose 3.24%, and Viohalco gained 5.09%.

Overall Market Data

41 stocks advanced
61 declined
21 were unchanged
Turnover reached 281.2 million euros, up from 198.5 million euros on Wednesday

Cyprus Market

In Nicosia, the general index of the Cyprus Stock Exchange slipped 0.13% to close at 280.45 points.

Author’s Summary: Market fluctuations in Athens intensified as MSCI index reshuffles and company earnings guided investors toward caution amid rising trading volumes.

eKathimerini.com — 2025-11-06