Stocks ended sharply lower at the Athens Stock Exchange on Monday, hit by worsening conditions in debt markets and by intensifying speculation over a debt restructuring.

Bank shares came under strong selling pressure amid talk of a share capital increase plan by a major commercial bank. The composite index of the market fell 2.83 pct to end at 1,427.49 points, with turnover remaining a low 91.492 million euros. The Big Cap index dropped 3.07 pct, the Mid Cap index ended 2.53 pct down and the Small Cap index fell 2.45 pct. PPC (1.42 pct) and Coca-Cola 3E (0.31 pct) were the only blue chips to end higher, while, ATEbank (7.69 pct), Alpha Bank (7.49 pct), Piraeus Bank (7.2 pct), Hellenic Postbank (6.89 pct) and National Bank (5.55 pct) were major losers.

The Utilities (0.44 pct) and Food (0.17 pct) were top gainers, while Banks (5.67 pct), Financial Services (4.68 pct) and Constructions (4.17 pct) suffered the heaviest percentage losses of the day. Broadly, decliners led advancers by 120 to 30 with another 38 issues unchanged. Mouzakis (17.39 pct), Vovos (13.56 pct), Hatzioannou (12.5 pct) were top gainers, while Allatini Ceramics (20 pct), Boutaris (10 pct) and ETEM (9.80 pct) were top losers.

Sector indices ended as follows:
Insurance:
Unchanged
Industrials:
-3.37%
Commercial:
-1.10%
Construction:
-4.17%
Media:
-1.93%
Oil & Gas:
-2.01%
Personal & Household:
-0.89%
Raw Materials:
-2.94%
Travel & Leisure:
-2.46%
Technology:
-3.55%
Telecoms:
-2.41%
Banks:
-5.67%
Food & Beverages:
+0.17%
Health:
-0.18%
Utilities:
+0.44%
Chemicals:
-2.29%
Financial Services:
-4.68%

The stocks with the highest turnover were National Bank, Alpha Bank, OPAP and Jumbo.

Selected shares from the FTSE/ASE-20 index
closed in euros as follows:
Alpha Bank:
3.83
ATEbank:
0.48
Public Power Corp (PPC):
11.46
HBC Coca Cola:
19.20
Hellenic Petroleum:
7.18
National Bank of Greece:
5.45
EFG Eurobank Ergasias:
3.62
OPAP:
14.51
OTE:
7.68
Bank of Piraeus:
1.16
Titan:
17.00