Greek stocks continue losing ground

Greek stocks continued moving lower in the Athens Stock Exchange on Wednesday, for the third consecutive session this week, although at a slower pace. The composite index of the market eased 0.51 pct to end at 1,226.92 points, off the day’s lows of 1,218.11 points. Investors remained on the sidelines ahead of a first meeting on Thursday between the Greek government and IIF officials over agreeing on the terms of private investors’ participation in a Greek bond swap program. Turnover was a low 64 million euros.
The Big Cap index fell 0.52 pct, the Mid Cap index ended 0.27 pct higher and the Small Cap index fell 0.48 pct. Ellaktor (3.42 pct), Mytilineos (2.5 pct) and National Bank (1.64 pct) were top gainers among blue chip stocks, while PPC (6.14 pct), OTE (3.67 pct), Hellenic Petroleum (3.39 pct) and Viohalco (3.23 pct) were top losers.
The Utilities (5.48 pct) and Telecoms (3.67 pct) sectors suffered the heaviest percentage losses of the day, while Chemicals (3.40 pct) and Raw Materials (2.28 pct) scored gains. Broadly, decliners led advancers by 68 to 57 with another 48 issues unchanged. General Trade (13.04 pct), Kordellou Bros (10 pct) and Yalco (10 pct) were top gainers, while Medicon (9.77 pct), Dromeas (7.69 pct) and Epilektos (7.50 pct) were top losers.

Sector indices ended as follows:
Insurance: Unchanged

Industrials: -0.97%
Commercial: +0.81%
Construction: -0.24%
Media: Unchanged
Oil & Gas: -2.34%
Personal & Household: -0.68%
Raw Materials: +2.28%
Travel & Leisure: -1.03%
Technology: -2.34%
Telecoms: -3.67%
Banks: +0.46%
Food & Beverages: +1.56%
Health: -2.87%
Utilities: -5.48%
Chemicals: +3.40%
Financial Services: -1.34%

The stocks with the highest turnover were National Bank, Bank of Piraeus, Alpha Bank and PPC.

Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank: 3.17
Public Power Corp (PPC): 8.87
HBC Coca Cola: 18.44
Hellenic Petroleum: 6.27
National Bank of Greece: 4.96
EFG Eurobank Ergasias: 2.83
OPAP: 11.35
OTE: 5.78
Bank of Piraeus: 0.93
Titan: 14.71

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