Stocks continue slipping

Stocks lost further significant ground at the Athens Stock Exchange on Wednesday, hit by renewed market concern over developments in the Eurozone after Moody’s downgraded Portugal’s credit rating on Tuesday and worries over a new support package for Greece. Bank stocks were particularly hit. The composite index of the market fell 1.75 pct to end at 1,265.78 points, with turnover remaining a low 77.579 million euros. The Big Cap index dropped 2.67 pct, the Mid Cap index fell 2.53 pct and the Small Cap index ended 2.09 pct down.
Viohalco (1.90 pct), Coca-Cola 3E (1.30 pct), Ellaktor (1.21 pct) were to gainers among blue chip stocks, while ATEbank (15.62 pct), Piraeus Bank (5.5 pct), MIG (4.84 pct) and National Bank (4.55 pct) suffered losses.
The Food (1.19 pct), Oil (0.50 pct) and Industrial Products (0.03 pct) sectors scored gains, while Banks (4.62 pct), Technology (3.57 pct) and Telecoms (3.48 pct) suffered the heaviest percentage losses of the day.
Broadly, decliners led advancers by 95 to 34 with another 40 issues unchanged. Attica Publications (14.71 pct), NEL (9.09 pct) and Haidemenos (9.0 pct) were top gainers, while CPI (17.65 pct), TBank (16.67 pct) and ATEbank (15.62 pct) were top losers.

Sector indices ended as follows:
Insurance:     Unchanged
Industrials:     +0.03%
Commercial:     -2.78%
Construction:     -1.89%
Media:     Unchanged
Oil & Gas:     +0.50%
Personal & Household:     -0.89%
Raw Materials:     -1.72%
Travel & Leisure:     -0.17%
Technology:     -3.57%
Telecoms:     -3.48%
Banks:     -4.62%
Food & Beverages:     +1.19%
Health:     -1.81%
Utilities:     -1.89%
Chemicals:     -0.17%
Financial Services:     -3.36%

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

Selected shares from the FTSE/ASE-20 index
closed in euros as follows:
Alpha Bank:     3.38
ATEbank:     1.35
Public Power Corp (PPC):     9.62
HBC Coca Cola:     18.74
Hellenic Petroleum:     6.56
National Bank of Greece:     4.82
EFG Eurobank Ergasias:     3.21
OPAP:     10.90
OTE:     6.10
Bank of Piraeus:     1.03
Titan:     16.00

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