Greek stocks ended sharply lower in the ASE on Tuesday

Greek stocks ended sharply lower in the Athens Stock Exchange on Tuesday, hit by a wave of selling by institutional investors who preferred to take profits from January’s rally.

The general index dropped 2.08 pct to end at 868.08 points, with the Large Cap index falling 1.57 pct and the Mid Cap index ending 3.55 pct lower. Turnover was an improved 82.7 million euros in volume of 60.3 million shares.

Coca Cola HBC (1.79 pct) and Hellenic Petroleum (1.17 pct) were the only blue chip stocks to end higher, while Piraeus Bank (7.54 pc) and PPC (7.27 pct) suffered losses. Among market sectors, Food/Beverage (1.75 pct) and Travel (0.31 pct) scored gains, while Banks (5.30 pct) and Utilities (3.86 pct) suffered losses.

National Bank and MIG were the most heavily traded securities of the day. Broadly, decliners led advancers by 85 to 40 with another 110 issues unchanged. Intertek (17.65 pct), Centric (6.51 pct) and Karatzis (6.45 pct) were top gainers, while Olympic Techniki (9.24 pct), Leventeris (9.23 pct) and Elgeka (8.26 pct) were top losers.