Stocks end moderately up

Stocks ended moderately higher at the Athens Stock Exchange on Monday, extending last week’s significant gains.

The market largely ignored a decision by Fitch Ratings on Friday to downgrade the country’s credit rating as the move has been largely discounted by investors. The composite index of the market rose 0.88 pct to end at 1,458.65 points, with turnover a low 80.419 million euros.

ATEbank (6.85 pct), Hellenic Petroleum (4.64 pct), OTE (2.79 pct), Jumbo (2.80 pct) and Cyprus Bank (2.66 pct) were top gainers among blue chip stocks, while Piraeus Bank (4.91 pct), Hellenic Postbank (1.65 pct) and National Bank (1.53 pct) were top losers. The Big Cap index rose 0.16 pct, the Mid Cap index ended 1.65 pct lower and the Small Cap index ended 2.08 pct up.

The Commerce (6.41 pct), Oil (2.96 pct) and Telecoms (2.79 pct) scored the biggest percentage gains of the day, while Financial Services (1.06 pct) and Bank (0.92 pct) suffered losses. Broadly, advancers led decliners by 114 to 53 with another 58 issues unchanged.

Korinth Pipes (19.4 pct), Altec (14.29 pct), ETEM (13.51 pct) were top gainers, while Mouzakis (16 pct), Tzirakian (9.52 pct) and Yalco (9.38 pct) were top losers.

 

Sector indices ended as follows:
Insurance:	Unchanged
Industrials:	+2.54%
Commercial:	+6.41%
Construction:	+0.94%
Media:	+1.06%
Oil & Gas:	+2.96%
Personal & Household:	+1.74%
Raw Materials:	+2.39%
Travel & Leisure:	+0.33%
Technology:	+2.00%
Telecoms:	+2.79%
Banks:	-0.92%
Food & Beverages:	+2.16%
Health:	+1.67%
Utilities:	-0.09%
Chemicals:	+1.55%
Financial Services:	-1.06%

 

The stocks with the highest turnover were National Bank, Piraeus Bank, DEH and OPAP.

 

Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank:	3.80
ATEbank:	0.78
Public Power Corp (PPC):	10.88
HBC Coca Cola:	20.30
Hellenic Petroleum:	6.09
National Bank of Greece:	6.45
EFG Eurobank Ergasias:	3.76
OPAP:	13.25
OTE:	6.99
Bank of Piraeus:	1.55
Titan:	16.15