Greek stocks ended sharply lower in the Athens Stock Exchange on Tuesday, defying analysts’ forecasts of a return to an upward trend as investors showed concern over the final cost for Greek banks from their participation in a Greek state debt restructuring plan. The composite index of the market dropped 2.82 pct to end at 1,233.22 points, with turnover a low 75.380 million euro. The Big Cap index dropped 3.79 pct, the Mid Cap index ended 1.41 pct lower and the Small Cap index fell 2.39 pct.
OTE (0.84 pct) and PPC (0.75 pct) were the only blue chip stocks to move into positive territory, while Marfin Popular Bank (8.47 pct), Eurobank (7.84 pct), Cyprus Bank (7.57 pct), Apha Bank (7.69 pct) and Piraeus Bank (6.0 pct) suffered heavy losses.
The Insurance (4.17 pct) and Media (2.17 pct) sectors scored gains, while Banks (6.30 pct) and Health (4.85 pct) suffered the heaviest percentage losses of the day. Broadly, decliners led advancers by 99 to 35 with another 39 issues unchanged.
Tegopoulos (17.39 pct), Sato (14.29 pct), VIS (9.72 pct) and Naftemporiki (9.68 pct) were top gainers, while Lambrakis Press (13.33 pct), ATEbank (11.24 pct) and Zampa (10 pct) were top losers.
Sector indices ended as follows:
Oil & Gas: -2.40%
Personal & Household: -0.50%
Raw Materials: -2.88%
Travel & Leisure: -3.88%
Food & Beverages: +0.12%
Financial Services: -1.85%
The stocks with the highest turnover were National Bank, Alpha Bank, OPAP and EFG Eurobank Ergasias.
Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank: 3.12
Public Power Corp (PPC): 9.45
HBC Coca Cola: 18.15
Hellenic Petroleum: 6.49
National Bank of Greece: 4.88
EFG Eurobank Ergasias: 2.82
Bank of Piraeus: 0.94