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Greek stocks end to lowest levels since April 1997

Δημοσίευση 6 Ιανουαρίου 2011, 10:11 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Greek stocks end to lowest levels  since April 1997
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Greek stocks remained under strong pressure for the second consecutive session in the Athens Stock Exchange pushing the composite index of the market to its lowest closing since April 1997.

Greek stocks remained under strong pressure for the second consecutive session in the Athens Stock Exchange pushing the composite index of the market to its lowest closing since April 1997.

Talk of a debt restructuring by Greece and a widening yield spread in the domestic bond market undermined sentiment in the market. The index ended 1.62 pct lower at 1,373.91 points, with turnover rising further to 93.681 million euros. The Big Cap index fell 1.82 pct, the Mid Cap index eased 1.01 pct and the Small Cap index ended 2.08 pct down. OTE (2.85 pct) and Eurobank (0.28 pct) were the only blue chip stocks end higher, while Ellaktor (6.71 pct), PPC (5.84 pct), Hellenic Postbank (5.56 pct) and ATEbank (4.35 pct) were major losers.

Media (6.58 pct), Utilities (4.93 pct) and Health (4.33 pct) suffered the heaviest percentage losses of the day, while Telecoms was the only sector to end higher (2.85 pct). Broadly, decliners led advancers by 129 to 33 with another 42 issues unchanged. Altec (14.29 pct), Mouzakis (9.52 pct) and HOL (9.09 pct) were top gainers, while CPI (20 pct), Boutaris (16.67 pct) and Lambrakis Press (11.11 pct) were top losers. The Greek market will be closed on Thursday because of a religious holiday in the country.

 

Sector indices ended as follows:

Insurance:

-4.47%

Industrials:

-0.42%

Commercial:

-0.09%

Construction:

-2.51%

Media:

-6.58%

Oil & Gas:

-1.54%

Personal & Household:

-1.40%

Raw Materials:

-2.86%

Travel & Leisure:

-4.11%

Technology:

-2.09%

Telecoms:

+2.85%

Banks:

-1.85%

Food & Beverages:

-0.13%

Health:

-4.33%

Utilities:

-4.93%

Chemicals:

-3.69%

Financial Services:

-2.80%

 

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

 

Selected shares from the FTSE/ASE-20 index

closed in euros as follows:

Alpha Bank:

3.65

ATEbank:

0.66

Public Power Corp (PPC):

10.15

HBC Coca Cola:

19.25

Hellenic Petroleum:

5.78

National Bank of Greece:

5.98

EFG Eurobank Ergasias:

3.56

OPAP:

12.35

OTE:

6.50

Bank of Piraeus:

3.09

Titan:

16.05