Stocks sharply change direction, end lower

Stocks resumed their downward trend on Thursday, after Wednesday’s sharp advance, with the composite index returning almost half of its previous session’s significant gains.
The index fell 4.59 pct to end below the 900-mark at 886.77 points.

Bank shares were at the focus of selling activity, with Alpha Bank, National Bank and Eurobank suffering heavy percentage losses. Turnover was a low 55.804 million euros, while market capitalisation fell by 1.5 billion euros.

The Big Cap index dropped 5.53 pct, the Mid Cap index eased 0.74 pct and the Small Cap index ended 0.82 pct lower. Jumbo (0.74 pct) and Cyprus Bank (0.83 pct) were the only blue chip stocks to end higher, while Alpha Bank (12.63 pct), Hellenic Postbank (10.57 pct), National Bank (10.56 pct), Eurobank (8.27 pct) and Piraeus Bank (8.06 pct) were top losers. The Bank (8.19 pct), Health (7.86 pct) and Commerce (4.75 pct) sectors suffered the heaviest percentage losses of the day.

Broadly, decliners led advancers by 92 to 46 with another 48 issues unchanged. Hellenic Sugar (13.73 pct), Dromeas (10.53 pct) and Intralot (9.89 pct) were top gainers, while HOL (18.99 pct), Progressive (17.65 pct) and Vioter (15.38 pct) were top losers.

Sector indices ended as follows:
Insurance:  Unchanged
Industrials:  -1.11%
Commercial:  -4.75%
Construction:  -2.86%
Oil & Gas:  -3.38%
Personal & Household:  +0.04%
Raw Materials:  -3.38%
Travel & Leisure:  -3.80%
Technology:  +0.99%
Telecoms:  -4.42%
Banks:  -8.19%
Food & Beverages:  -4.28%
Health:  -7.86%
Utilities:  -2.79%
Chemicals:  +0.02%
Financial Services:  -0.45%

The stocks with the highest turnover were National Bank, Alpha Bank, OPAP and HBC Coca Cola.

Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank:  1.73
Public Power Corp (PPC):  5.77
HBC Coca Cola:  14.24
Hellenic Petroleum:  5.70
National Bank of Greece:  3.05
EFG Eurobank Ergasias:  1.22
OPAP:  8.50
OTE:  4.11
Bank of Piraeus:  0.57
Titan:  12.74

Εγγραφείτε στο newsletter μας

Ενημερωθείτε πρώτοι για τα τελευταία νέα, αποκλειστικά ρεπορταζ και ειδήσεις απο όλο τον κόσμο