Greek stocks show signs of stabilization

Gazzetta team 4 Αυγούστου 2015 - 18:24

The Athens Stock Exchange showed signs of self-preservation and balancing, with the exception of bank shares which remained under heavy pressure on Tuesday, a day after Monday’s historic sell-off which pushed the composite index of the market 16.23 pct lower –the biggest daily fall since December 1987.

The index fell 1.22 pct to end at 659.94 points, off the day’s lows of 635.06 points. Turnover was a satisfactory 64.10 million euros. The Large Cap index fell 3.61 pct and the Mid Cap index ended 0.78 pct lower.

Lamda Development (12.39 cpt), METKA (11.94 pct), Folli Follie (11.20 pct), GEK Terna (9.52 pct) and Hellenic Exchanges (9.30 pct) were top gainers among blue chip stocks, while Piraeus Bank (30 pct), Eurobank (29.70 pct), Alpha Bank (29.65 pct), National Bank (28.45 pct) and Coca Cola HBC (0.63 pct) suffered the heaviest percentage losses of the day.

Among market sectors, Chemicals (16.41 pct), Commerce (11.11 pct) and Industrial Products (8.81 pct) scored gains, while Banks (29.26 pct), Health (7.40 pct) and Insurance (5.30 pct) suffered losses.

Broadly, advancers led decliners by 60 to 39 with another 10 issues unchanged. Nexans (29.47 pct), Kekrops (29.11 pct) and Ekter (28.57 pct) were top gainers, while Piraeus Bank (30 pct), Eurobank (29.70 pct) and Alpha Bank (29.65 pct) were top losers.