Greek stocks remain under heavy pressure on Monday

Greek stocks remained under heavy pressure in the Athens Stock Exchange on Monday, pushing the general index towards the 760-point level. The index dropped 1.99 pct to end at 760.79 points, for a loss of 6.16 pct in the last four sessions. Bank shares are down 14.18 pct in the same period. The Large Cap index fell 2.13 pct and the Mid Cap index ended 2.76 pct lower. Turnover was a moderate 77.881 million euros in volume of 96,260,548 shares.

Attica Bank (1.45 pct), Aegean Airlines (1.18 pct) and Motor Oil (0.78 pct) were top gainers among blue chip stocks, while Folli Follie (8.35 pct), Viohalco (6.65 pct) and Piraeus Bank (5.91 pct) suffered heavy losses.

Among market sectors, only Oils moved higher (0.75 pct), while Commerce (8.28 pct), Industrial Products (4.38 pct) and Banks (3.28 pct) suffered losses. National Bank and Alpha Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 83 to 31 with another 17 issues unchanged. Pegasus (19.85 pct), ANEK (19.72 pct) and Mouzakis (11.53 pct) were top gainers, while Nakas (28.47 pct), GEKE (19.97 pct) and Vioter (19.79 pct) were top losers.

ADEX closing report

The October contract on the FTSE/ASE Large Cap Index was trading at a premium of 0.24 pct in the Athens Derivatives Exchange on Monday. Volume on the Big Cap index totaled 2,496 contracts with 4,925 open positions in the market. Volume in futures contracts on equities totaled 64,735 contracts with investment interest focusing on National Bank’s contracts (32,533), followed by Alpha Bank (5,164), Piraeus Bank (2,902), Eurobank (16,931), MIG (2,018), OTE (433), PPC (201), ADMIE (134), OPAP (390), Viohalco (1,609), Mytilineos (573), Hellenic Petroleum (290), Ellaktor (422), Intralot (384), Folli Follie (292) and Cenergy (202).