Greek stocks end sharply lower

Greek stocks ended sharply lower in the Athens Stock Exchange on Tuesday, pushing the general index of the market below the 800-support level. Traders said selling activity focused on blue chip stocks such as Folli Follie, National Bank, Piraeus Bank and Eurobank.

The index fell 2.04 pct to end at 799.37 points, its lowest closing since April 11, 2018. The Large Cap index fell 1.66 pct and the Mid Cap index ended 1.07 pct lower. Turnover was 72.124 million euros in volume of 67,228,603 shares. GEK Terna (1.58 pct), Coca Cola HBC (0.55 pct) and Terna Energy (0.39 pct) scored big gains among blue chip stocks, while Folli Follie (10.51 pct), National Bank (7.59 pct) and Piraeus Bank (7.59 pct) suffered heavy losses. Among market sectors, Food (0.52 pct) and Health (0.24 pct) scored gains, while Commerce (9.93 pct), Banks (3.96 pct) and Raw Materials (3.41 pct) suffered losses.

MSCI announced it was removing Folli Follie share from its MSCI Standard Greece index which now includes: OTE, Alpha Bank, OPAP, National Bank, Eurobank, Jumbo, Titan, Piraeus Bank.

National Bank and Eurobank were the most heavily traded securities of the day. Broadly, decliners led advancers by 69 to 47 with another 24 issues unchanged. Mathios (29.41 pct), Lavipharm (19.48 pct) and Space Hellas (19.20 pct) were top gainers, while Centric Holdings (13.0 pct), Sidma (12.07 pct) and Folli Follie (10.51 pct) were top losers.

Source ANA-MPA
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