Greek stocks end sharply lower

Gazzetta team 30 Οκτωβρίου 2015 - 18:57

Greek stocks ended sharply lower in the Athens Stock Exchange on Friday hit by a wave of profit taking selling particularly for bank shares, after the government tabled to Parliament a draft law on bank recapitalization.

Analysts said that the lack of the definitive percentage of equity participation by the state and private investors in forthcoming share capital increase plans was a cause of uncertainty.

The composite index of the market fell 2.03 pct to end at 701.22 points, off the day’s lows of 694.89 points. The index ended the week with a net loss of 1.58 pct, for an increase of 7.19 pct in October, but remained 15.13 pct down so far this year. The Large Cap index fell 2.71 pct and the Mid Cap index ended 1.18 pct lower. Turnover was an improved 47.96 million euros, in volume of 223,014,931.

Jumbo (1.27 pct), Athens Water (1.05 pct) and Grivalia Properties (0.36 pct) scored big gains among blue chip stocks, while Alpha Bank (11.54 pct), National Bank (7.12 pct), Hellenic Exchanges (4.42 pct) and Ellaktor (4.30 pct) suffered the heaviest percentage losses of the day.

Among market sectors, Personal Products was the only one to end higher (0.77 pct), while Banks (7.08 pct), Financial Services (4.43 pct) and Telecoms (4.29 pct) suffered heavy losses.

Broadly, decliners led advancers by 69 to 34 with another 11 issues unchanged. Akritas (20 pct), SIDMA (19.25 pct) and Pegasus (19.05 pct) were top gainers, while Lavipharm (20 pct), Euromedica (19.58 pct)and Nereus (17.14 pct) were top losers.