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Stocks end sharply lower

Δημοσίευση 1 Δεκεμβρίου 2010, 09:16 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Stocks end sharply lower
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Stocks ended significantly lower at the Athens Stock Exchange on Monday, as initial enthusiasm caused by a Eurogroup decision on Sunday over a support mechanism for Ireland, paving the way for extending loan repayment period for Greece, gave its place to worries over developments in Europe’s debt crisis. The composite index of the market fell 1.76 pct to end at 1,411.39 points, after rising as much as 2.66 pct during the session. Turnover was a low 94.728 million euros.

Stocks ended significantly lower at the Athens Stock Exchange on Monday, as initial enthusiasm caused by a Eurogroup decision on Sunday over a support mechanism for Ireland, paving the way for extending loan repayment period for Greece, gave its place to worries over developments in Europe’s debt crisis. The composite index of the market fell 1.76 pct to end at 1,411.39 points, after rising as much as 2.66 pct during the session. Turnover was a low 94.728 million euros.

The Big Cap index fell 1.88 pct, the Mid Cap index dropped 1.40 pct and the Small Cap index ended 1.13 pct lower. MIG (1.67 pct), ATEbank (1.52 pct) and Marfin Popular Bank (0.83 pct) were top gainers among blue chip stocks, while Ellaktor (4.31 pct), Cyprus Bank (4.21 pct) and Eurobank (3.77 pct) were major losers.

The Chemicals (1.77 pct) and Financial Services (0.77 pct) sectors scored gains, while Health (4.03 pct) and Media (4.71 pct) suffered losses.

Broadly, decliners led advancers by 107 to 57 with another 59 issues unchanged. Dromeas (15.15 pct), Edrasi (12.50 pct) and VIS (9.20 pct) were top gainers, while Olympic Catering (19.77 pct), Compucon (11.11 pct) and Unibios (10 pct) were top losers.

 

Sector indices ended as follows:

Insurance:

-2.83%

Industrials:

-1.89%

Commercial:

-1.17%

Construction:

-2.65%

Media:

-4.71%

Oil & Gas:

-0.52%

Personal & Household:

-0.44%

Raw Materials:

-1.15%

Travel & Leisure:

-0.57%

Technology:

-1.20%

Telecoms:

-1.18%

Banks:

-2.44%

Food & Beverages:

-1.23%

Health:

-4.03%

Utilities:

-2.97%

Chemicals:

+1.77%

Financial Services:

+0.77%

 

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

 

Selected shares from the FTSE/ASE-20 index

closed in euros as follows:

Alpha Bank:

4.37

ATEbank:

0.67

Public Power Corp (PPC):

11.01

HBC Coca Cola:

19.27

Hellenic Petroleum:

5.50

National Bank of Greece:

6.26

EFG Eurobank Ergasias:

3.83

OPAP:

12.48

OTE:

6.70

Bank of Piraeus:

3.01

Titan:

14.40