The benchmark of the Greek stock market ended every session this week below the 600-point mark, as Friday's gains - largely driven by Wall Street's healthy rise on Thursday - were contained toward the end of the session.
The Athens Exchange (ATHEX) general index ended at 593.26 points, adding 0.87% to Thursday's 588.12 points. On a weekly basis it declined 1.79%.
Bank stocks came under fresh pressure on Thursday, with the benchmark yielding more ground at the close despite spending some time in the black during the day. Global pessimism regarding the economy and the World Health Organization's statement that the coronavirus may never go away weighed on most markets, with Athinon Avenue proving to be no exception.
Credit sector stocks led the benchmark of the Greek bourse further below the 600-point mark on Wednesday. It followed the relegation of the domestic banks' outlook from positive to stable by Moody's, and the restructuring of the MSCI index, which also sent trading volume to its highest point in 15 sessions.
Increasing pessimism on the coronavirus pandemic's impact on the economy weighed heavily on most blue chips at Athinon Avenue on Monday, including banks, with the benchmark only just remaining above the 600-point level. Prices also suffered pressure from some negative results issued by listed companies over the last few days.