Greek stocks fell significantly in the last trading session of the week in the Athens Stock Exchange, pushing the composite index of the market below the psychologically-critical level of 1,300 points to the lowest level since March 1997. Worsening conditions in the domestic bond market and speculation of a new downgrade of the Greek economy (Fitch Ratings announced it was cutting the country’s rating by three notches after the market close) dampened sentiment in the market. The composite index dropped 1.88 pct to end at 1,297.36 points, for a net loss of 4.34 pct in the week. The index is down 8.25 pct so far this year. Turnover remained a low 78.271 million euros. The Big Cap index fell 2.10 pct, the Mid Cap index eased 0.83 pct and the Small Cap index ended 1.97 pct lower.
PPC (0.59 pct) and Jumbo (0.20 pct) were the only blue chip stocks to end higher, while OPAP (4.33 pct), Viohalco (3.73 pct), Cyprus Bank (3.14 pct), Mytilineos (3.07 pct0 and National Bank (2.30 pct) were major losers.
Travel (3.96 pct), Raw Materials (2.72 pct) and Telecoms (2.63 pct) suffered the heaviest percentage losses of the day, while Insurance (3.44 pct), Health (3.51 pct) and Utilities (0.48 pct) scored gains. Broadly, decliners led advancers by 78 to 48 with another 52 issues unchanged. Unibios (20 pct), Athens Electronic (18.92 pct) and Neorio (11.11 pct) were top gainers, while Vovos (13.54 pct), Mouzakis (10.34 pct) and Moda Bagno (9.68 pct) were top losers.

Sector indices ended as follows:
Insurance: +3.44%
Industrials: -0.96%
Commercial: -0.72%
Construction: -1.80%
Oil & Gas: -1.52%
Personal & Household: -1.03%
Raw Materials: -2.72%
Travel & Leisure: -3.96%
Technology: -2.93%
Telecoms: -2.63%
Banks: -1.84%
Food & Beverages: -1.92%
Health: +3.51%
Utilities: +0.48%
Chemicals: -2.37%
Financial Services: -2.43%

The stocks with the highest turnover were National Bank, OPAP, OTE and Coca Cola 3E.

Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank: 3.38
ATEbank: 0.51
Public Power Corp (PPC): 10.21
HBC Coca Cola: 17.34
Hellenic Petroleum: 6.76
National Bank of Greece: 4.67
EFG Eurobank Ergasias: 3.22
OPAP: 12.82
OTE: 6.66
Bank of Piraeus: 1.03
Titan: 16.70