Greek stocks end the week 6.50 pct down

Greek stocks remained under selling pressure for the third successive session in the Athens Stock Exchange on Friday pushing the composite index to its lowest levels since August 24.

Greek stocks end the week 6.50 pct down

Bank shares - particularly National Bank which fell 23.97 pct - were at the focus of selling activity. The composite index of the market fell 1.59 pct to end at 607.56 points, off the day’s lows of 603.31 points. The index ended the week with a net loss of 6.50 pct, for a decline of 26.46 pct so far this year.

The Large Cap index fell 2.34 pct and the Mid Cap index eased 0.41 pct. Turnover was a strong 64.613 million euros in volume of 44,753,108.

Lamda Development (5.85 pct), Mytilineos (2.0 pct) and Athens Water (0.57 pct) scored the biggest percentage gains of the day among blue chip stocks, while National Bank (23.97 pct), Jumbo (5.05 pct), Piraeus Bank (4.41 pct0 and Alpha Bank (3.98 pct) suffered heavy losses.

Among market sectors, Health (2.50 pct), Real Estate (2.26 pct) and Raw Materials (1.99 pct) scored big gains, while Personal Products (4.14 pct), Banks (4.08 pct) and Commerce (3.84 pct) suffered losses.

Broadly, decliners led advancers by 63 to 36 with another 13 issues unchanged. Ekter (29.73 pct), Ionian Hotels (20 pct) and Ideal (10 pct) were top gainers, while National Bank (23.97 pct), Epsilon Net (19.98 pct) and Nereus (16.28 pct) were top losers.

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