Stocks extend decline

Stocks continued losing ground for the 11th consecutive session in the Athens Stock Exchange on Monday, as the market quickly absorbed an initial buying activity spurred by the positive results of stress tests on Greek banks. The composite index of the market fell 0.44 pct to end at 1,171.70 points, after rising as much as 1.38 pct during the session. The index is now 10.45 pct down after the 11-day decline. Turnover remained a low 62.602 million euros.
The Big Cap index fell 0.26 pct, the Mid Cap index rose 0.44 pct and the Small Cap index eased 0.73 pct. MIG (4.0 pct), Cyprus Bank (3.97 pct) and Ellaktor (3.08 pct) were top gainers among blue chip stocks, while Eurobank (4.70 pct), Piraeus Bank (3.45 pct) and OPAP (2.61 pct) were top losers.
The Media (4.44 pct), Financial Services (2.14 pct) and Telecommunications (0.71 pct) scored gains, while Travel (2.4 pct), Chemicals (2.04 pct) and Constructions (1.12 pct) suffered the heaviest percentage losses of the day.
Broadly, decliners led advancers by 84 to 53 with another 59 issues unchanged. Sanyo Hellas (12.5 pct), HOL (10 pct) and Vovos (8.82 pct) were top gainers, while Boutaris (11.11 pct), Koumbas (11.11 pct) and ELBE (8.47 pct) were top losers.

Sector indices ended as follows:
Insurance:  Unchanged
Industrials:  +0.56%
Commercial: +0.45%
Construction: -1.12%
Media: +4.44%
Oil & Gas: -0.98%
Personal & Household: +0.01%
Raw Materials: -0.32%
Travel & Leisure: -2.40%
Technology: -1.71%
Telecoms: +0.71%
Banks:  +0.38%
Food & Beverages:  -0.84%
Health:  +0.17%
Utilities:  -0.87%
Chemicals:  -2.04%
Financial Services:  +2.14%

The stocks with the highest turnover were National Bank, Coca Cola 3E, EFG Eurobank and Bank of Cyprus.

Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank:  2.97
Public Power Corp (PPC):  9.09
HBC Coca Cola:  18.55
Hellenic Petroleum:  6.10
National Bank of Greece:  4.25
EFG Eurobank Ergasias:  2.59
OPAP:  10.80
OTE:  5.64
Bank of Piraeus:  0.84
Titan:  15.22