Stocks end significantly lower

Stocks came under strong selling pressure at the Athens Stock Exchange on Monday, hit by market concern ahead of the announcement of a share capital increase plan by Alpha Bank (a decision is expected to be reached during a general shareholders’ meeting in June 21). The composite index of the market ended 1.95 pct down at 1,240.25 points to new 14-year lows. Turnover was a disappointing low 66.901 million euros.
The Big Cap index fell 2.41 pct, the Mid Cap index dropped 4.53 pct and the Small Cap index fell 1.50 pct. Coca-Cola 3E (2.14 pct), Viohalco (2.14 pct) and Jumbo (0.58 pct) were top gainers among blue chip stocks, while Alpha Bank (9.06 pct), Eurobank (6.21 pct), MIG (5.77 pct), Marfin Popular Bank (4.69 pct) and Motor Oil (4.76 pct) were top losers.

The Food (2.01 pct) and Chemicals (0.43 pct) sectors scored gains, while Technology (5.12 pct), Travel (3.94 pct) and Banks (3.81 pct) suffered the heaviest percentage losses of the day. Broadly, decliners led advancers by 105 to 42 with another 37 issues unchanged. Unibios (16.67 pct), Vovos (7.92 pct) and Profile (7.5 pct) were top gainers, while Intralot (22.27 pct), Paperpack (11.11 pct) and Geniki Bank (10 pct) were top losers.

Sector indices ended as follows:
Insurance:  -2.04%
Industrials:  -1.08%
Commercial:  -0.78%
Construction:  -0.93%
Media:  Unchanged
Oil & Gas:  -1.72%
Personal & Household:  -0.56%
Raw Materials:  -1.89%
Travel & Leisure:  -3.94%
Technology:  -5.12%
Telecoms:  -2.75%
Banks:  -3.81%
Food & Beverages:  +2.01%
Health:  -2.40%
Utilities:  -2.18%
Chemicals:  +0.43
Financial Services:  -3.12%

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

Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank:  2.91
ATEbank:  0.39
Public Power Corp (PPC):  9.40
HBC Coca Cola:  17.22
Hellenic Petroleum:  6.69
National Bank of Greece:  4.43
EFG Eurobank Ergasias:  2.87
OPAP:  12.20
OTE:  6.71
Bank of Piraeus:  0.96
Titan:  16.55

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