Greek stocks end sharply lower

30 October 2015
25 Views

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.

ADEX closing report

The November contract on the FTSE/ASE Large Cap index was trading at a premium of 0.24 pct in the Athens Derivatives Exchange on Friday. Volume on the Big Cap index totaled 2,568 contracts with 12,911 open positions in the market.

Volume in futures contracts on equities totaled 4,496 contracts with investment interest focusing on PPC’s contracts (1,112), followed by MIG (442), OTE (758), OPAP (760), Hellenic Exchanges (153), Mytilineos (263), Hellenic Petroleum (128), Motor Oil (122), Ellaktor (114), Metka (98), GEK (70), Folli Follie (62), Titan (60) and Jumbo (265).

You may be interested

23 christians killed in Egypt!
SLIDE
shares49 views
SLIDE
shares49 views

23 christians killed in Egypt!

makis - May 26, 2017

Gunmen opened fire on two buses and a truck carrying Coptic Christians in Minya, Egypt on Friday, killing at least…

Students slightly injured after school bus capsizes in Serres, northern Greece
GREECE
shares40 views
GREECE
shares40 views

Students slightly injured after school bus capsizes in Serres, northern Greece

makis - May 26, 2017

One child suffered a fracture when a school bus from the Vamvakofyta primary school was run off the road by…

Papademos -bleeding- carried into the ambulance! (video)
GREECE
shares51 views
GREECE
shares51 views

Papademos -bleeding- carried into the ambulance! (video)

makis - May 26, 2017

A shocking video from the moments after the bomb attack against the former Prime Minister of Greece Lucas Papademos in…

Leave a Comment

Your email address will not be published.