Greek stocks end lower, bank shares hit again‏

Gazzetta team
Greek stocks end lower, bank shares hit again‏

bet365

Greek stocks resumed their downward trend in the Athens Stock Exchange on Wednesday, after Tuesday’s upward reaction, hit by a new wave of selling in bank shares, particularly National Bank’s which continues trading at a high premium compared with its share capital increase offer price.

National Bank’s share will be traded until Friday, 27 November and will halt trading from November 30 until December 2 in order to complete a reverse split plan.

The composite index of the market fell 0.82 pct to end at 642.82 points, off the day’s lows of 640.19 points. The Large Cap index fell 0.90 pct and the Mid Cap index ended 0.49 pct lower. Turnover was a low 39.876 million euros in volume of 202,653,258.

Grivalia Properties (6.14 pct), Lamda Development (2.22 pct) and Motor Oil (1.63 pct) scored big gains among blue chip stocks, while National Bank (19.75 pct), Alpha Bank (16.13 pct) and Eurobank (12.50 pct) suffered the heaviest percentage losses of the day.

Among market sectors, Real Estate (4.74 pct), Personal Products (1.67 pct) and Commerce (1.18 pct) scored big gains, while Banks (16.42 pct), Raw Materials (5.22 pct) and Utilities (3.25 pct) suffered heavy losses.

 

Broadly, decliners led advancers by 57 to 38 with another 24 issues unchanged. Dionic (17.24 pct), ANEK (12.73 pct) and Crete Plastics (10 pct) were top gainers, while National Bank (19.75 pct), Kreka (19.61 pct) and Euromedica (19.39 pct) were top losers.

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