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Stocks take dive on rating cut rumours

Δημοσίευση 21 Δεκεμβρίου 2010, 10:25 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Stocks take dive on rating cut rumours
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Stocks took a dive on Athens Stock Exchange on Monday as uneasy traders shed bank shares on rumours of that yet another cut in international agency credit ratings for the Greek economy and Greek banks was imminent. The ASE general share price index ended 3.22 percent lower at 1,449.79 points, with turnover at 73.708 million euro.

Stocks took a dive on Athens Stock Exchange on Monday as uneasy traders shed bank shares on rumours of that yet another cut in international agency credit ratings for the Greek economy and Greek banks was imminent. The ASE general share price index ended 3.22 percent lower at 1,449.79 points, with turnover at 73.708 million euro.

The Big Cap index slumped 3.92 pct, with all hi-cap stocks posting losses, the Mid Cap index was lost 2.25 pct and the Small Cap index was down 2.66 pct.

All sector indices moved lower, with the biggest losses during the session posted by Health (-8.09 pct), Banks (-5.03 pct) and Telecoms (-4.19 pct).

Decliners led advancers by 135 to 32 with another 36 issues remaining unchanged.

 

Sector indices ended as follows:

Insurance:

Unchanged

Industrials:

-1.73%

Commercial:

Unchanged

Construction:

-3.13%

Media:

-0.67%

Oil & Gas:

-1.05%

Personal & Household:

-1.55%

Raw Materials:

-3.20%

Travel & Leisure:

-2.91%

Technology:

-2.59%

Telecoms:

-4.19%

Banks:

-5.03%

Food & Beverages:

-1.28%

Health:

-8.09%

Utilities:

-1.62%

Chemicals:

-2.29%

Financial Services:

-4.72%

 

The stocks with the highest turnover were National Bank, Bank of Cyprus, Eurobank and Piraeus Bank.

 

Selected shares from the FTSE/ASE-20 index

closed in euros as follows:

Alpha Bank:

4.18

ATEbank:

0.75

Public Power Corp (PPC):

11.25

HBC Coca Cola:

19.60

Hellenic Petroleum:

5.78

National Bank of Greece:

6.48

EFG Eurobank Ergasias:

4.24

OPAP:

12.60

OTE:

6.40

Bank of Piraeus:

3.70

Titan:

15.82