Greek stocks end moderately lower

Greek stocks ended moderately lower in the Athens Stock Exchange on Monday with the composite index of the market finding support at the 605-point level.

Greek stocks end moderately lower

The index fell 0.75 pct to end at 615.31 points, off the day’s lows of 608.02 points. The Large Cap index fell 1.16 pct and the Mid Cap index ended 2.11 pct lower.

Turnover was a low 53.027 million euros in volume of 195,645,159.

Jumbo (4.44 pct), Motor Oil (2.04 pct), Hellenic Petroleum (1.57 pct) scored the biggest percentage gains among blue chip stocks, while Alpha Bank (1.96 pct), Eurobank (1.89 pct) and Piraeus Bank (1.69 pct) suffered heavy losses.

National Bank and Piraeus Bank were the most heavily traded stocks with a volume of 51,900,556 and 23,176,305 shares, respectively.

Among market sectors, Personal Products (2.96 pct), Oil (1.88 pct) scored big gains, while Real Estate (3.62 pct) and Financial Services (3.43 pct) suffered losses.

Broadly, decliners led advancers by 57 to 47 with another 22 issues unchanged. Dromeas (27.19 pct), Fieratex (25 pct) and Boutaris (20 pct) were top gainers, while Mevaco (10 pct), Newsphone Hellas (9.91 pct) and Technical Olympic (9.87 pct) were top losers.

MSCI on Monday announced the launch of two new indexes for Greek shares, the MSCI All Greece and the MSCI All Greece Select 25/50. The first index will be a benchmark index for ETFs including a minimum 25 shares, while the second will have additional conditions over the size and liquidity.

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