Greek stocks end sharply lower

Greek stocks remained under heavy selling pressure for one more session in the Athens Stock Exchange on Friday, pushing the general index closer to the 750-point support level. Selling activity focused on bank shares.

The general index dropped 1.98 pct to end at 755.63 points, its lowest closing since December 13, 2017. The index ended the week with a net loss of 3.47 pct, for a decline of 11.95 pct in May and a loss of 5.83 pct so far this year. Turnover was a low 55.460 million euros in volume of 51,175,325 shares. The Large Cap index fell 1.52 pct and the Mid Cap index ended 2.31 pct lower.

Coca Cola HBC (2.39 pct) and Sarantis (1.36 pct) scored big gains among blue chip stocks, while Piraeus Bank (7.69 pct), Eurobank (7.66 pct), Alpha Bank (4.76 pct) and Hellenic Petroleum (4.37 pct) suffered heavy losses. Among market sectors, Food (2.34 pct) and Personal Products (0.11 pct) scored gains, while Banks (5.39 pct), Technology (3.88 pct) and Oil (2.48 pct) suffered losses. National Bank and MIG were the most heavily traded securities of the day.

Broadly, decliners led advancers by 84 to 27 with another 27 issues unchanged. Fieratex (27.71 pct), Vioter (13.19 pct) and VIS (9.94 pct) were top gainers, while Forthnet (15 pct), Q&R (10.57 pct) and Spyrou (9.09 pct) were top losers.

Source ANA-MPA
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