Greek stocks ended sharply lower in the Athens Stock Exchange on Monday

Greek stocks ended sharply lower in the Athens Stock Exchange on Monday amid a negative climate prevailing in other European markets ahead of a poll in Italy in December 4, with analysts concerned over a new round of political uncertainty in Europe. Bank shares came under strong selling pressure ahead of a EuroWorkingGroup meeting later on Monday.

The composite index of the market fell 3.09 pct to end at 604.06 points, off the day’s lows of 603.41 points. The Large Cap index fell 3.45 pct and the Mid Cap index ended 0.62 pct lower. Turnover was a low 45.271 million euros in volume of 101,057,187 shares.

All blue chip stocks ended lower, led by Piraeus Bank (10.77 pct), National Bank (7.51 pct), Alpha Bank (6,63 pct), Eurobank (6.63 pct), Hellenic Petroleum (4.79 pct), Viohalco (4.48 pct) and OTE (3.86 pct). Banks (7.57 pct), Telecoms (3.86 pct) and Utilities (2.90 pct) suffered the heaviest percentage losses of the day among market sectors. National Bank and Piraeus Bank were the most heavily traded securities of the day.

Pegasus (20 pct), Q&R (16.28 pct) and Revoil (13.92 pct) were top gainers, while Athina (19.97 pct), Chatzikraniotis (13.66 pct) and Piraeus Bank (10.77 pct) were top losers.

ADEX closing report

The December contract on the FTSE/ASE Large Cap index was trading at a premium of 0.23 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 1,376 contracts with 9,487 open positions in the market.

Volume in futures contracts on equities totaled 86,271 contracts with investment interest focusing on National Bank’s contracts (30,619), followed by Alpha bank (6,157), Piraeus Bank (27,417), Eurobank (13,299), MIG (4,839), OTE (1,417), PPC (735), OPAP (292), Mytilineos (595), Hellenic Petroleum 9247), Metka (129), Ellaktor (173).