Stock ended sharply lower at the Athens Stock Exchange on Tuesday, hit by a new downgrading of Greece’s credit rating by Standard & Poor’s. The composite index of the market ended 1.97 pct down to 1,579.76 points, with turnover remaining a low 111.06 million euros.

The Big Cap index dropped 2.44 pct, the Mid Cap index ended 2.37 pct lower and the Small Cap index fell 2.91 pct. The Insurance (1.54 pct), Chemicals (1.26 pct) and Oils (0.03 pct) sectors scored gains, while the Financial Services (4.91 pct), Health (4.56 pct), Commerce (3.85 pct) and Banks (3.66 pct) sectors suffered the heaviest percentage losses. PPC (0.75 pct), Jumbo (0.55 pct) and Motor Oil (0.33 pct) were top gainers among blue chip stocks, while MIG (5.88 pct), Piraeus Bank (5.77 pct), ATEbank (5.13 pct) and Ellaktor (5.40 pct) were top losers.

Broadly, decliners led advancers by 122 to 41 with another 46 issues unchanged. PC Systems (20 pct), AXON Holdings (10.53 pct) and Karelias (9.89 pct) were top gainers, while Elfico (18.92 pct), Imperio (12.82 pct) and Rilken (9.92 pct) were top losers.

 

Sector indices ended as follows:

Insurance:

+1.54%

Industrials:

-1.07%

Commercial:

-3.85%

Construction:

-1.89%

Media:

-1.41%

Oil & Gas:

+0.03%

Personal & Household:

-0.11%

Raw Materials:

-2.22%

Travel & Leisure:

-0.61%

Technology:

-3.64%

Telecoms:

-3.30%

Banks:

-3.66%

Food & Beverages:

-0.02%

Health:

-4.56%

Utilities:

-0.08%

Chemicals:

+1.26%

Financial Services:

-4.91%

 The stocks with the highest turnover were National Bank, Alpha Bank, OTE and DEH.

Selected shares from the FTSE/ASE-20 index

closed in euros as follows:

Alpha Bank:

4.95

ATEbank:

0.74

Public Power Corp (PPC):

12.09

HBC Coca Cola:

19.05

Hellenic Petroleum:

7.45

National Bank of Greece:

6.43

EFG Eurobank Ergasias:

4.60

OPAP:

16.60

OTE:

8.20

Bank of Piraeus:

1.47

Titan:

17.60