Stocks came under strong selling pressure at the Athens Stock Exchange on Monday, pushing the composite index of the market to new 2011 lows.
Bank shares were the focus of selling activity, with Alpha Bank and Eurobank suffering heavy losses.
The local market followed a negative trend prevailing in other European markets, hit by worries over developments in the Eurozone debt crisis and its impact on European banks.
The composite index dropped 3.14 pct to end at 863.90 points, with turnover shrinking to a low 37.077 million euros. The Big Cap index ended 3.74 pct down, the Mid Cap index plunged 5.06 pct and the Small Cap index ended 4.39 pct lower.
OPAP (3.91 pct), Hellenic Petroleum (0.88 pct) and Jumbo (0.26 pct) were the only blue chip stocks to end higher, while Alpha Bank (10.71 pct), Eurobank (9.86 pct) and Piraeus Bank (8.47 pct) were top losers. National Bank shares fell 5.72 pct.
Travel (3.32 pct) was the only sector to record gains (3.32 pct), while Health (10.65 pct), Banks (6.99 pct) and Insurance (6.98 pct) suffered the heaviest percentage losses of the day. Broadly, decliners led advancers by 112 to 33 with another 45 issues unchanged.
Boutaris (14.29 pct), Sarandopoulos Mills (9.71 pct) and Livanis (8.70 pct) were top gainers, while Hygeia (13.89 pct), Apha Bank (10.71 pct) and Revoil (9.86 pct) were top losers.
Sector indices ended as follows:
Oil & Gas: -0.72%
Personal & Household: -0.76%
Raw Materials: -6.25%
Travel & Leisure: +3.32%
Food & Beverages: -2.17%
Financial Services: -6.39%
The stocks with the highest turnover were National Bank, OPAP and Alpha Bank.
Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank: 1.75
Public Power Corp (PPC): 5.43
HBC Coca Cola: 13.70
Hellenic Petroleum: 5.72
National Bank of Greece: 2.80
EFG Eurobank Ergasias: 1.28
Bank of Piraeus: 0.54