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Athens Macedonian News Agency: News in English, 15-01-28
CONTENTS
[01] Greek stocks plunge to lowest levels since Sept 2012
[01] Greek stocks plunge to lowest levels since Sept 2012
ANA-MPA -- Greek stocks plunged to their lowest levels since early
September 2012 in the Athens Stock Exchange on Wednesday, hit by a
deteriorating climate in the domestic bond market where the three-year
bond yield surpassed 16 pct to new all-time highs. Bank shares remained
at the epicentre of selling activity with the sector index losing almost
30 pct, for a net loss of over 40 pct in the last three sessions.
The composite index plunged 9.24 pct to end at 711.13 points, off the
day's lows of 708.61 points. The index is down 15.39 pct in the last
three sessions, while the bank index is down 43.81 pct. The market's
capitalisation fell by 5.8 billion euros, for an accumulated loss of
11.7 billion euros in the last three sessions.
Turnover was a heavy 199.40 million euros. The Large Cap index dropped
12.10 pct and the Mid Cap index ended 5.98 pct lower. Folli Follie
(1.54 pct), Grivalia Properties (1.23 pct) and Viohalco (0.46 pct) were
top gainers among blue chip stocks, while Piraeus Bank (29.26 pct),
Alpha Bank (26.76 pct) and Eurobank (25.93 pct) suffered the heaviest
percentage losses of the day.
Among market sectors, Commerce (1.49 pct) and Food (0.13 pct) moved
highers, while Banks (26.67 pct), Telecoms (12.70 pct) and Travel (10.34
pct) suffered heavy losses. Broadly, decliners led advancers by 91 to
26 with another 13 issues unchanged. AEGEK (15.63 pct), FG Europe (10.59
pct) and Mathios (10.47 pct) were top gainers, while Piraeus Bank (29.26
pct), Moda Bagno (28.39 pct) and Alpha Bank (26.76 pct) were top losers.
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