Stocks end sharply lower

Greek stocks came under strong selling pressure in the Athens Stock Exchange on Wednesday to end sharply lower, in sharp contrast with a very positive trend prevailing in other European markets. The composite index fell 2.62 pct to end below the 1,400 level, at 1,399.69 points, with turnover remaining a low 99.037 million euros.

The Big Cap index dropped 3.02 pct, the Mid Cap index ended 1.04 pct down and the Small Cap index fell 0.72 pct. The Industrial Products (2.85 pct) and Construction (2.54 pct) sectors scored gains, while Banks (4.58 pct), Travel (4.50 pct) and Financial Services (4.36 pct) suffered the heaviest percentage losses of the day.

Broadly, decliners led advancers by 101 to 45 with another 42 issues unchanged. Tegopoulos (17.65 pct), Mohlos (11.11 pct) and Demetriou (10 pct) were top gainers, while Attikat (20 pct), Pasal (11.11 pct) and Koumpas (10 pct) were top losers.

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