Greek stocks end sharply lower

Greek stocks came under renewed heavy selling pressure on Monday amid a worsening climate in the domestic bond market where the 10-year bond yield surged to four-year highs. Bank shares were at the focus of selling activity.

The general index of the market dropped 2.61 pct to end at 641.79 points, its lowest closing since March 2017, off the day’s lows of 640.59 points. The Large Cap index fell 2.80 pct and the Mid Cap index ended 2.56 pct lower. Turnover was 53.616 million euros in volume of 33,517,552 shares.

Athens Water (1.17 pct), Sarantis (0.28 pct) and Grivalia Properties (0.13 pct) scored big gains among blue chip stocks, while Eurobank (11.58 pct), Piraeus Bank (10.95 pct), Viohalco (5.02 pct), National Bank (4.76 pct), Motor Oil (3.80 pct) and Alpha Bank (3.17 pct) suffered heavy losses. All market sectors ended lower led by Banks (6.45 pct), Commerce (3.05 pct) and Oil (3.03 pct).

Eurobank and Alpha Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 78 to 20 with another 30 issues unchanged. CPI (23.24 pct), Forthnet (14.58 pct) and Viokarpet (8.82 pct) were top gainers, while Eurobank (11.58 pct), Piraeus Bank (10.95 pct) and Epilektos (7.89 pct) were top losers.

Source ANA-MPA
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