Greek stocks ended sharply lower in the Athens Stock Exchange on Monday, with the market succumbing to yet another sell off in banks shares. Traders said market sentiment was hit by uncertainty over the resolution of a NPLs problem and the formation of a new German government.
The general index dropped 4.06 pct to end at 742.49 points. The Large Cap index ended 4.35 pct lower and the Mid Cap index fell 4.33 pct. Turnover was a low 75.9 million euros in volume of 98.1 million shares.
Sarantis (1.44 pct) and Piraeus Port (0.20 pct) were the only blue chip stocks to end higher, while Piraeus Bank (15.79 pct), Eurobank (15.48 pct) and Attica Bank (13.24 pct) suffered the heaviest percentage losses. All market sectors ended lower, led by Banks (11.76 pct) and Health (7/12 pct). National Bank and Eurobank were the most heavily traded securities of the day. Broadly, decliners led advancers by 94 to 28 with another 117 issues unchanged. Bitros (19.5 pct), Motodynamic (15.53 pct) and Fieratex (9.32 pct) were top gainers, while Audiovisual (21.93 pct), Piraeus Bank (15.79 pct) and Eurobank (15.48 pct) were top losers.