Greek stocks end 3.10 pct down
Greek stocks remained under pressure for the third successive session in the Athens Stock Exchange on Thursday, but the rate of decline accelerated as pressures mounted on bank shares.
The composite index of the market ended 3.10 pct lower at 686.59 points, below the 700-point level after nine sessions. OTE and Grivalia Properties were the only blue chips to end up. The bank index ended 26.98 pct down in the last three sessions.
The Large Cap index fell 3.72 pct and the Mid Cap index ended 2.46 pct lower. Turnover was a moderate 47.49 million euros in volume of 242,811,761. The market’s capitalization shrank by 1.4 billion euros.
Grivalia Properties (1.71 pct) and OTE (1.36 pct) scored gains, while Piraeus Bank (27.85 pct), Eurobank (20 pct), National Bank (13.90 pct), Alpha Bank (12 pct), OPAP (5.03 pct) and Motor Oil (4.10 pct) suffered the heaviest percentage losses of the day.
Among market sectors, Telecoms (1.36 pct) and Insurance (0.63 pct) scored gains, while Banks (15.58 pct), Oil (4.10 pct), Food (2.93 pct) and Personal Products (2.93 pct) suffered heavy losses.
Broadly, decliners led advancers by 77 to 21 with another 15 issues unchanged. Compucon (20 pct), G.E.Demetriou (14.29 pct) and Attica Holdings (10 pct) were top gainers, while Nafpaktos Spin Mills (30 pct), Piraeus Bank (27.85 pct) and Hatzikraniotis (26.27 pct) were top losers.
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