Greek stocks end sharply lower

Greek stocks ended sharply lower in the Athens Stock Exchange on Tuesday, pushing the composite index of the market to new 2011 lows, amid a negative climate in other European markets. The index dropped 3.25 pct to end at 1,144.29 points, with turnover remaining a low 50.874 million euros. The Big Cap index fell 3.37 pct, the Mid Cap index ended 3.57 pct lower and the Small Cap index fell 2.98 pct. Titan (1.94 pct) and Viohalco (1.20 pct) were the only blue chip stocks to end higher, while Piraeus (7.87 pct), Ellaktor (7.46 pct), MIG (6.67 pct), PPC (4.76 pct) and Hellenic Postbank (4.13 pct) suffered losses.
All sectors moved lower, with the Financial Services (5.59 pct), Health (4.64 pct) and Utilities (4.36 pct) suffering the heaviest percentage losses of the day.
Broadly, decliners led advancers by 117 to 30 with another 30 remaining unchanged. Druckfarben (9.38 pct), Nexans (8.93 pct) and Eurobrokers (8.0 pct) were top gainers, while Maillis (12.5 pct), Proton Bank (10.64 pct) and Shelman (10 pct) were top losers.

Sector indices ended as follows:

Insurance: -3.92%
Industrials: -0.93%
Commercial: -3.63%
Construction: -0.89%
Media: Unchanged
Oil & Gas: -3.29%
Personal & Household: -0.48%
Raw Materials: -3.81%
Travel & Leisure: -3.53%
Technology: -3.68%
Telecoms: -2.94%
Banks: -3.84%
Food & Beverages: -3.89%
Health: -4.64%
Utilities: -4.36%
Chemicals: -1.76%
Financial Services: .-5.59%

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

Selected shares from the FTSE/ASE-20 index

closed in euros as follows:

Alpha Bank: 2.95
Public Power Corp (PPC): 8.00
HBC Coca Cola: 17.00
Hellenic Petroleum: 6.23
National Bank of Greece: 4.43
EFG Eurobank Ergasias: 2.54
OPAP: 11.00
OTE: 5.29
Bank of Piraeus: 0.82
Titan: 14.68

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