Greek stocks end sharply lower

Greek stocks came under strong pressure in the first trading session of the week in the Athens Stock Exchange on Monday, hit by a negative climate in other European markets. The composite index of the market dropped 2.58 pct to end at 1,218.88 points, with turnover soaring to 473.913 million euros, boosted by the transfer of a 10 pct equity stake of OTE to Deutsche Telekom. The Greek state transferred 49,015,038 OTE shares to the German group at a price of 7.99 euros per share.
The Big Cap index dropped 3.48 pct, the Mid Cap index fell 2.62 pct and the Small Cap index ended 3.77 pct lower. Hellenic Petroleum (0.79 pct), Viohalco (0.47 pct) and Coca-Cola 3E (0.16 pct) were top gainers among blue chip stocks, while Cyprus Bank (8.33 pct), Eurobank (7.91 pct), Marfin Popular Bank (6.90 pct) and National Bank (5.56 pct) suffered losses.

The Oil (0.32 pct) and Food (0.05 pct) sectors were the only ones to score gains, while Banks (5.84 pct), Health (5.65 pct) and Technology (5.16 pct) suffered the heaviest percentage losses of the day.
Broadly, decliners led advancers by 105 to 39 with another 48 issues unchanged. Sanyo Hellas (14.29 pct), Mouzakis (12.5 pct) and VIS (9.09 pct) were top gainers, while Euromedica (14.29 pct), Vovos (13.64 pct) and Progressive (11.76 pct) were top losers.

Sector indices ended as follows:
Insurance: -2.00%
Industrials: -0.95%
Commercial: -1.37%
Construction: -1.48%
Media: Unchanged
Oil & Gas: +0.32%
Personal & Household: -1.12%
Raw Materials: -2.63%
Travel & Leisure: -3.20%
Technology: -5.16%
Telecoms: -1.48%
Banks: -5.84%
Food & Beverages: +0.05%
Health: -5.65%
Utilities: -2.39%
Chemicals: -1.58%
Financial Services: -3.64%

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

Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank: 3.16
ATEbank: 0.88
Public Power Corp (PPC): 9.20
HBC Coca Cola: 18.53
Hellenic Petroleum: 6.40
National Bank of Greece: 4.42
EFG Eurobank Ergasias: 2.91
OPAP: 10.85
OTE: 6.01
Bank of Piraeus: 0.94
Titan: 16.20

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