Greek stocks ended significantly lower in the Athens Stock Exchange on Friday. Market sentiment was dampened by a worsening situation in Italy, with the Italian bond spread rising to their highest level in five years.
Bank shares were at the focus of selling activity, along with the shares of Motor Oil and Viohalco. The general index of the market fell 1.12 pct to end at 624.81 points, off the day’s lows of 621.90 points. The index ended 0.56 pct lower in the week, losing 9.67 pct in October and 22.13 pct so far this year.
The Large Cap index fell 0.89 pct and the Mid Cap index ended 1.10 pct lower. Turnover was 38.428 million euros in volume of 14,766,190 shares. Titan (2.68 pct), Hellenic Petroleum (0.87 pct) and ADMIE (0.76 pct) scored big gains among blue chip stocks, while Piraeus Bank (4.97 pct), Viohalco (4.70 pct), Motor Oil (3.86 pct), Athens Water (2.75 pct) and Sarantis (2.35 pct) suffered heavy losses.
Among market sectors, Construction was the only one to move higher (1.04 pct), while Health (2.67 pct), Oil (2.66 pct) and Banks (2.10 pct) suffered losses. Eurobank and Alpha Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 71 to 24 with another 24 issues unchanged. Nexans (28 pct), G.E.Dimitriou (20 pct) were top gainers, while Audiovisual (8.26 pct) and Techniki Olympic (7.58 pct) were top losers.