Stocks ended significantly lower at the Athens Stock Exchange on Wednesday. Bank shares were mostly hit after a negative report for the sector by Citi and Merrill Lynch.

The composite index of the market dropped 1.97 pct to end at 1,464.68 points, with turnover a low 81.880 million euros. The Big Cap index fell 1.82 pct, the Mid Cap index ended 2.02 pct down and the Small Cap index fell 1.25 pct. Motor Oil (1.88 pct), OTE (1.63 pct) and Piraeus Bank (0.98 pct) were top gainers among blue chip stocks, while Coca-Cola Hellenic Bottling (5.12 pct), Ellaktor (4.72 pct) and Eurobank (3.57 pct) were top losers.

The Chemicals (2.33 pct) and Telecoms (1.63 pct) sectors were the only ones to score gains, while Food (5.05 pct) and Media (4.12 pct) suffered losses. Broadly, decliners led advancers by 131 to 33 with another 48 issues unchanged. Vell Group (11.11 pct), Vioter (10.53 pct) and Akritas (9.62 pct) were top gainers, while Altec (16.67 pct), AEGEK (12 pct) and Tzirakian (10 pct) were top losers.

 

Sector indices ended as follows:

Insurance:

-1.60%

Industrials:

-0.27%

Commercial:

-2.08%

Construction:

-2.95%

Media:

-4.12%

Oil & Gas:

-0.01%

Personal & Household:

-2.40%

Raw Materials:

-1.95%

Travel & Leisure:

-0.62%

Technology:

-3.93%

Telecoms:

+1.63%

Banks:

-1.88%

Food & Beverages: -5.05%

 

Health: -1.50%

 

Utilities: -2.77%

 

Chemicals: +2.33%

 

Financial Services: -2.00%

 

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

Selected shares from the FTSE/ASE-20 index

closed in euros as follows:

Alpha Bank:

4.55

ATEbank:

0.74

Public Power Corp (PPC):

11.80

HBC Coca Cola:

19.07

Hellenic Petroleum:

5.55

National Bank of Greece:

6.90

EFG Eurobank Ergasias:

4.05

OPAP:

12.74

OTE:

6.25

Bank of Piraeus:

3.08

Titan:

15.50