Stocks remained under pressure for the eighth consecutive session in the Athens Stock Exchange on Wednesday, pushing the composite index of the market below the 1,200 level. Rumors of an imminent downgrading of the Greek economy by Fitch credit rating further undermined sentiment in the market. The index fell 2.15 pct to end at 1,190.30 points, for a loss of 9.03 pct in the last eight sessions. Bank shares were mostly hit, while turnover remained a low 83.125 million euros.
The Big Cap index dropped 2.90 pct, the Mid Cap index fell 2.02 pct and the Small Cap index ended 1.84 pct lower. Motor Oil (0.88 pct) and Hellenic Petroleum (0.32 pct) were the only blue chip stocks to end higher, while ATEbank (14.67 pct), Mytilineos (8.35 pct), Alpha Bank (5.68 pct) and Eurobank (5.37 pct) were major losers.
The Media (7.89 pct), Oil (0.53 pct) and Chemicals (0.37 pct) sectors scored gains, while Health (5.32 pct), Banks (4.66 pct) and Utilities (3.77 pct) sectors suffered the heaviest percentage losses of the day.
Broadly, decliners led advancers by 103 to 41 with another 39 issues unchanged. G.E. Demetriou (20 pct), Iktinos (9.89 pct) and Petropoulos (8.5 pct) were top gainers, while ATEbank (14.67 pct), Tegopoulos (12.5 pct) and Boutaris (11.11 pct) were top losers.
Sector indices ended as follows:
Oil & Gas: +0.53%
Personal & Household: -0.71%
Raw Materials: -2.84%
Travel & Leisure: -1.38%
Food & Beverages: -0.56%
Financial Services: -1.11%
The stocks with the highest turnover were National Bank, Coca Cola 3E, Alpha Bank and OTE.
Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank: 2.99
Public Power Corp (PPC): 8.75
HBC Coca Cola: 18.65
Hellenic Petroleum: 6.22
National Bank of Greece: 4.31
EFG Eurobank Ergasias: 2.82
Bank of Piraeus: 0.87