Greek stocks end sharply lower‏

Gazzetta team 28 Σεπτεμβρίου 2015 - 20:09

Greek stocks ended sharply lower in the Athens Stock Exchange on Monday as bank shares came under strong selling pressure (the index fell 14.14 pct) on worries over the cost of a recapitalisation of the country’s four systemic banks.

The composite index of the market fell 3.03 pct to end at 654.70 points. The Large Cap index fell 3.22 pct and the Mid Cap index fell 1.94 pct. Turnover was a thin 18.851 million euros, in volume of 130,504,837.

OPAP (0.76 pct) was the only blue chip stock to end higher, while Eurobank (19.35 pct), Alpha Bank (16.30 pct), Piraeus bank (15.96 pct), National Bank (12.88), Viohalco (6.05 pct), PPC (5.59 pct) and Mytilineos (4.28 pct) suffered the heaviest percentage losses of the day.

Among market sectors, Insurance (4.93 pct) and Travel (0.38 pct) scored gains, while Banks (15.14 pct), Personal Products (4.30 pct), Raw Materials (4.21 pct) and Utilities (3.89 pct) suffered heavy losses.

Broadly, decliners led advancers by 73 to 22 with another 10 issues unchanged. Kathimerini (19.64 pct), Nexans (10 pct) and Audiovisual (9.88 pct) were top gainers, while Eurobank (19.35 pct), Altec (16.67 pct) and Attica Bank (16.67 pct) were top losers.