Prices' decline extends for ninth session

Greek stocks remained under strong selling pressure for the ninth consecutive session in the Athens Stock Exchange on Thursday, with the composite index ending below the 1,100 level. An initial upward reaction of the market proved weak as sellers took the upper hand pushing the composite index of the market to new 15-year lows. The index fell 1.35 pct to 1,086.43 points after rising as much as 1.42 pct during the session. Turnover was a low 67.660 million euros.

The Big Cap index fell 1.50 pct, the Mid Cap index ended 1.78 pct lower and the Small Cap index ended 1.48 pct down. MIG (2.56 pct), Eurobank (1.26 pct), Hellenic Petroleum (0.40 pct), OPAP (0.28 pct) and Coca Cola 3E (0.30 pct) were the only blue chip stocks to end higher, while Cyprus Bank (6.34 pct), Ellaktor (5.73 pct), PPC (4.71 pct) and Hellenic Postbank (3.56 pct) were top losers.
The Financial Services (0.76 pct), Travel (0.27 pct) and Food (0.24 pct) sectors scored gains, while Media (9.76 pct), Commerce (6.98 pct), Utilities (4.22 pct) and Telecommu-nications (3.40 pct) suffered the heaviest percentage losses of the day.
Broadly, decliners led advancers by 103 to 34 with another 48 issues unchanged. BIS (9.72 pct), Akritas (8.89 pct) and Mathios (8.82 pct) were top gainers, while G.E. Dimitriou (20 pct), Byte Computer (16 pct) and Elgeka (13.33 pct) were top losers.

Sector indices ended as follows:
Insurance: Unchanged

Industrials: -1.68%
Commercial: -6.98%
Construction: -2.81%
Media: -9.76%
Oil & Gas: -0.16%
Personal & Household: -1.32%
Raw Materials: -2.00%
Travel & Leisure: +0.27%
Technology: -1.91%
Telecoms: -3.40%
Banks: -1.75%
Food & Beverages: +0.24%
Health: -0.48%
Utilities: -4.22%
Chemicals: -0.92%
Financial Services: +0.76%

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

Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank: 2.80
Public Power Corp (PPC): 7.29
HBC Coca Cola: 16.45
Hellenic Petroleum: 6.18
National Bank of Greece: 4.25
EFG Eurobank Ergasias: 2.42
OPAP: 10.58
OTE: 4.83
Bank of Piraeus: 0.74
Titan: 14.00

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