Greek stocks remained under strong pressure

Greek stocks remained under heavy selling pressure for one more session in the Athens Stock Exchange on Monday, pushing the general index of the market at the 810-point level. Folli Follie shares came under massive pressure for the second successive session, losing 29.98 pct, amidst an ongoing battle between the company’s management and the investment fund QCM, with the Capital Market Commission asking for an independed control of the company’s consolidated financial figures for 2017 by an international auditor. PPC’s shares also came under strong pressure losing 10.09 pct.

The general index fell 1.60 pct to end at 810.72 points, off the day’s lows of 805.53 points. The Large Cap index fell 1.17 pct and the Mid Cap index ended 1.59 pct lower. Turnover was 65.875 million euros in volume of 47,650,062 shares.

OTE (1.57 pct), Viohalco (1.27 pct) and Jumbo (1.09 pct) scored big gains among blue chip stocks while Folli Follie (29.98 pct), PPC (10.09 pct) and OPAP (4.05 pct) suffered heavy losses. Among market sectors, Telecoms (1.57 pct) and Personal Products (0.72 pct) scored gains, while Commerce (28.90 pct), Travel (3.88 pct) and Utilities (3.05 pct) suffered losses. National Bank and Eurobank were the most heavily traded securities of the day. Broadly, decliners led advancers by 72 to 38 with another 32 issues unchanged. Mermeren (29.82 pct), Akritas (13.14 pct) and Kriton Artos (13.14 pct) were top gainers, while Folli Follie (29.98 pct), Vioter (19.58 pct) and Alumil (13.28 pct) were top losers.

Source ANA-MPA
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