Greek stocks ended lower in the Athens Stock Exchange on Monday, pushing the general index of the market below the 640-point level, hit by a wave of selling in bank shares. The index dropped 1.28 pct to 635.20 points, off the day’s lows of 633.88 points.
The Large Cap index fell 1.49 pct and the Mid Cap index ended 0.06 pct lower. Turnover was 55.885 million euros in volume of 47,396,665 shares. Turnover was boosted by a public offer made by CVC to acquire the remaining equity stake in Hygeia at an offering price of 0.95 euro per share.
Titan (1.34 pct) and Motor Oil (0.62 pct) scored gains among blue chip stocks, while Piraeus Bank (6.59 pct), Eurobank (5.56 pct), National Bank (5.16 pct), Viohalco (3.45 pct) and Alpha Bank (3.36 pct) suffered heavy losses. Among market sectors, Health (6.02 pct) and Commerce (3.16 pct) scored gains, while Banks (4.58 pct) and Telecoms (2.40 pct) suffered losses. Hygeia and Eurobank were the most heavily traded securities of the day.
Broadly, decliners led advancers by 55 to 45 with another 29 issues unchanged. Mermeren (18.98 pct), Forthnet (9.82 pct) and Iaso (9.54 pct) were top gainers, while ANEK (10.57 pct), Mathios (10 pct) and Piraeus Bank (6.59 pct) were top losers.