Stocks end sharply lower

Stocks suffered heavy losses at the Athens Stock Exchange on Monday, amid a very negative climate prevailing in other European markets on worries over developments in a debt crisis in the Eurozone and speculation over a downgrade of French banks by Moody’s due to their exposure to southern European debt.
The composite index fell to new lows, ending at 847.48 points, down 4.43 pct.
Turnover remained a low 56.913 million euros. The market’s capitalisation fell by 1.35 billion euros compared with Friday’s level.

The Big Cap index dropped 5.10 pct, the Mid Cap index fell 2.88 pct and the Small Cap index ended 4.58 pct. Ellaktor (1.21 pct) was the only blue chip stock to end higher, while Alpha Bank (10.17 pct), Eurobank (8.66 pct), National Bank (8.31 pct) and OPAP (5.66 pct).

The Bank (7.12 pct), Health (6.32 pct) and Commerce (5.44 pct) suffered the heaviest percentage losses of the day. Broadly, decliners led advancers by 120 to 26 with another 34 issues unchanged. Audiovisual (10 pct), Perseus (9.09 pct), Alsinco (8.16 pct) were top gainers, while Hatzioannou (16.67 pct), Vioter (15.38 pct) and NEL (14.29 pct) were top losers.

Sector indices ended as follows:

Insurance:  -2.38%
Industrials:  -2.74%
Commercial:  -5.44%
Construction:  -3.24%
Oil & Gas:  -3.25%
Personal & Household:  -2.45%
Raw Materials:  -2.09%
Travel & Leisure:  -5.38%
Technology:  -5.80%
Telecoms:  -3.19%
Banks:  -7.12%
Food & Beverages:  -4.04%
Health:  -6.32%
Utilities:  -2.84%
Chemicals:  -4.27%
Financial Services:  -1.61%

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

Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank:  1.59
Public Power Corp (PPC):  5.58
HBC Coca Cola:  13.45
Hellenic Petroleum:  5.60
National Bank of Greece:  2.87
EFG Eurobank Ergasias:  1.16
OPAP:  7.83
OTE:  3.95
Bank of Piraeus:  0.56
Titan:  12.12

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