Stocks ended with new 14-year lows at the Athens Stock Exchange on Monday, hit by speculation of a new downgrade of the country’s credit rating, this time by Moody’s Investors Service.
The composite index of the market dropped 1.33 pct to end at 1,280.10 points, with turnover remaining a low 74.309 million euros. The Big Cap index fell 1.5 pct, the Mid Cap index ended 1.33 pct and the Small Cap index dropped 2.23 pct. PPC (2.84 pct), Hellenic Postbank (2.55 pct) and Motor Oil (1.14 pct) were top gainers among blue chip stocks, while ATEbank (5.88 pct), Ellaktor (4.71 pct), MIG (3.57 pct) and National Bank (3.0 pct) were top losers.
The Health (4.56 pct), Financial Services (3.25 pct), Chemicals (2.83 pct) and Telecoms (2.55 pct) sectors suffered the heaviest percentage losses of the day, while Utilities (2.15 pct) and Oil (0.61 pct) scored gains.
Broadly, decliners led advancers by 102 to 30 with another 46 issues unchanged.
Tegopoulos (15 pct), Demetriou (11.11 pct) and Byte Computer (7.84 pct) were top gainers, while Vovos (17.48 pct), Entersoft (10 pct) and Intrakat (9.41 pct) were top losers.
Sector indices ended as follows:
Oil & Gas: +0.61%
Personal & Household: -0.04%
Raw Materials: -1.66%
Travel & Leisure: -1.04%
Food & Beverages: -1.89%
Financial Services: -3.25%
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: 3.33
Public Power Corp (PPC): 10.50
HBC Coca Cola: 17.00
Hellenic Petroleum: 6.78
National Bank of Greece: 4.53
EFG Eurobank Ergasias: 3.18
Bank of Piraeus: 1.01