Stocks end significantly lower

Stocks quickly erased Tuesday's gains, ending with significant losses in the Athens Stock Exchange on Wednesday. The composite index fell 1.39 pct to end at 1,328.10 points, after rising as much as 1.77 pct in intra-day trading. Turnover improved significantly totaling 108.36 million euros.
The Big Cap index fell 1.73 pct, the Mid Cap index ended 0.12 pct higher and the Small Cap index edged 0.09 pct up. Ellaktor (2.77 pct), Mytilineos (1.17 pct) and Piraeus Bank (0.97 pct) were top gainers among blue chip stocks, while Viohalco (4.20 pct), Marfin Popular Bank (4.11 pct), Alpha Bank (3.56 pct) and ATEbank (3.64 pct) were major losers.

The Chemicals (1.30 pct) and Raw Materials (1.04 pct) sectors scored gains, while Food (3.26 pct) and Financial Services (1.73 pct) suffered the heaviest percentage losses of the day. Broadly, advancers led decliners by 78 to 59 with another 49 issues unchanged. Altec (20 pct), Tegopoulos (18.75 pct) and Electronic Athens (14.81 pct) were top gainers, while Ridenco (14.29 pct), Kordellos Bros (8.82 pct) and Olympic Catering (8.11 pct) were top losers.

Sector indices ended as follows:
Insurance:  Unchanged
Industrials:  -1.09%
Commercial:  -0.48%
Construction:  -1.30%
Media:  Unchanged
Oil & Gas:  -0.12%
Personal & Household:  -0.05%
Raw Materials:  +1.04%
Travel & Leisure:  -0.92%
Technology:  -0.51%
Telecoms:  +0.86%
Banks:  -2.39%
Food & Beverages:  -3.26%
Health:  -0.40%
Utilities:  -0.87%
Chemicals:  +1.30%
Financial Services:  -1.73%

The stocks with the highest turnover were National Bank, Coca Cola3E, OPAP and Alpha Bank.

Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank:  3.52
ATEbank:  0.53
Public Power Corp (PPC):  10.30
HBC Coca Cola:  17.39
Hellenic Petroleum:  7.13
National Bank of Greece:  4.76
EFG Eurobank Ergasias:  3.34
OPAP:  13.38
OTE:  7.03
Bank of Piraeus:  1.04
Titan:  17.06

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