Stocks came under strong pressure at the Athens Stock Exchange on Monday, pushing the composite index of the market below the 1,500 level for the first time since Jan. 18. The index ended at 1,492.44 points, off 2.24 pct, with turnover remaining a low 107.106 million euros.

Speculation that Fitch will downgrade the country’s credit rating again, combined with talk -officially dismissed- over a debt restructuring, are creating a very negative climate in the market, which moved downwards for the sixth consecutive session.

The Big Cap index dropped 2.59 pct, the Mid Cap index ended 2.66 pct down and the Small Cap index plunged 4.25 pct. Coca-Cola 3E (1.32 pct) was the only blue chip stock to end higher, while Ellaktor (7.81 pct), Hellenic Postbank (6.57 pct), Eurobank (5.75 pct), Piraeus Bank (5.76 pct) and ATEbank (4.29 pct) were

top losers. The Food sector was the only one to end higher (1.11 pct), while Health (4.36 pct), Chemicals (3.97 pct), technology (3.87 pct) and Banks (3.21 pct) suffered the heaviest percentage losses of the day.

Broadly, decliners led advancers by 144 to 31 with another 27 issues unchanged. Vivere (17.74 pct), Unibios (14.29 pct) and Karamolegos (9.09 pct) were top gainers, while Vovos (18.9 pct), Alfa Grissin (18.81 pct) and Euromedica (16.41 pct) were top losers.

 

Sector indices ended as follows:

Insurance:

-3.27%

Industrials:

-2.59%

Commercial:

-3.65%

Construction:

-3.04%

Media:

-2.32%

Oil & Gas:

-0.89%

Personal & Household:

-2.57%

Raw Materials:

-2.99%

Travel & Leisure:

-3.62%

Technology:

-3.87%

Telecoms:

-1.43%

Banks:

-3.21%

Food & Beverages:

+1.11%

Health:

-4.36%

Utilities:

-3.75%

Chemicals:

-3.97%

Financial Services:

-2.20%

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

Selected shares from the FTSE/ASE-20 index closed in euros as follows:

Alpha Bank:

4.35

ATEbank:

0.67

Public Power Corp (PPC):

11.50

HBC Coca Cola:

19.25

Hellenic Petroleum:

7.30

National Bank of Greece:

6.00

EFG Eurobank Ergasias:

4.10

OPAP:

15.00

OTE:

7.60

Bank of Piraeus:

1.31

Titan:

17.30