Stocks resumed their downward trend at the Athens Stock Exchange on Tuesday, after Monday’s advance, with the composite index of the market ending at 1,620.59 points, off 1.35 pct. Turnover was a steady 101.315 million euros. News of a deeper-than-expected economic recession in 2010 and a widening of Greek bonds’ yield spreads, dampened sentiment in the market.

The Big Cap index fell 1.79 pct, the Mid Cap index rose 0.31 pct and the Small Cap index fell 1.25 pct. Jumbo (1.86 pct) was the only blue chip stock to end higher, while PPC (4.0 pct), MIG (3.41 pct), Motor Oil (3.47 pct) and Cyprus Bank (3.36 pct) were major losers. The Technology (2.58 pct) and Commerce (0.74 pct) sectors scored gains, while Media (3.78 pct) and Utilities (3.02 pct) suffered the heaviest percentage losses of the day.

Broadly, decliners led advancers by 105 to 68 with another 47 issues unchanged. Crown Hellas (38.81 pct), Atti-Kat (16.67 pct) and Ilyda (15.38 pct) were top gainers, while Unibios (12.5 pct), Attica Publications (9.72 pct) and Olympic Catering (9.62 pct) were top losers.

 

Sector indices ended as follows:

Insurance:

Unchanged

Industrials:

-0.23%

Commercial:

+0.74%

Construction:

-0.95%

Media:

-3.78%

Oil & Gas:

-1.75%

Personal & Household:

+0.46%

Raw Materials:

-2.00%

Travel & Leisure:

-0.43%

Technology:

+2.58%

Telecoms:

-1.33%

Banks:

-2.34%

Food & Beverages:

-0.31%

Health:

-2.22%

Utilities:

-3.02%

Chemicals:

-1.78%

Financial Services:

-1.03%

The stocks with the highest turnover were National Bank, Alpha Bank, Marfin Popular Bank and Eurobank.

Selected shares from the FTSE/ASE-20 index

closed in euros as follows:

Alpha Bank:

4.42

ATEbank:

0.80

Public Power Corp (PPC):

12.00

HBC Coca Cola:

20.53

Hellenic Petroleum:

7.45

National Bank of Greece:

7.30

EFG Eurobank Ergasias:

4.30

OPAP:

15.94

OTE:

7.40

Bank of Piraeus:

1.57

Titan:

15.66