Stocks ended flat in the Athens Stock Exchange on Tuesday, unable to hold on to their initial strong gains. Traders said the market reacted positively to the announcement of an ambitious privatization program by the government.
The composite index of the market rose 0.13 pct to end at 1,281.72 points, after rising as much as 2.83 pct during the session. Turnover, however, remained a low 78.883 million euros. The Big Cap index rose 0.40 pct, the Mid Cap index ended 0.26 pct higher and the Small Cap index ended 1.85 pct up. Hellenic Postbank (4.98 pct), OTE (4.31 pct), Cyprus Bank (3.33 pct) and ATEbank (2.08 pct) were top gainers among blue chip stocks, while PPC (2.38 pct), MIG (1.85 pct) and Alpha Bank (1.80 pct) were top losers.

The Telecoms (4.31 pct) and Personal Products (2.07 pct) sectors scored the biggest percentage gains of the day, while Insurance (3.38 pct) and Utilities (1.91 pct) suffered losses. Broadly, advancers led decliners by 72 to 58 with another 52 issues unchanged. Emporiki Bank (35.16 pct), Vovos (18.82 pct) and Attica Bank (12.2 pct) were top gainers, while Demetriou (10 pct), Nexans (10 pct) and Ilyda (9.68 pct) were top losers.

Sector indices ended as follows:
Insurance:  -3.38%
Industrials:  -0.76%
Commercial:  +0.19%
Construction:  +0.07%
Media:  Unchanged
Oil & Gas:  -1.21%
Personal & Household:  +2.07%
Raw Materials:  -0.03%
Travel & Leisure:  -1.27%
Technology:  +0.20%
Telecoms:  +4.31%
Banks:  +0.91%
Food & Beverages:  -0.49%
Health:  +0.18%
Utilities:  -1.91%
Chemicals:  +0.67%
Financial Services:  -0.79%

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:  3.27
ATEbank:  0.49
Public Power Corp (PPC):  10.25
HBC Coca Cola:  16.91
Hellenic Petroleum:  6.69
National Bank of Greece:  4.56
EFG Eurobank Ergasias:  3.22
OPAP:  12.52
OTE:  6.77
Bank of Piraeus:  1.01
Titan:  16.70