Greek stocks slide on 'grexit' jitters
- Written by E.Tsiliopoulos
Greek stocks ended sharply lower in the Athens Stock Exchange on Monday, hit by the scenarios of a possible Grexit presented in international media and a new rise in Greek state bond yields, with the three-year bond yield surpassing 13 pct.
The composite index of the market fell 5.63 pct to end at 789.20 points, with the Large Cap index falling 5.70 pct and the Mid Cap index ending 5.74 pct lower. Turnover was a low 61.48 million euros, while the market's capitalisation shrank by 2.9 billion euros from Friday.
All blue chip stocks ended lower, with the exception of Grivalia Properties (1.33 pct), with MIG (11.52 pct), Athens Water (9.81 pct), Folli Follie (8.79 pct), PPC (8.65 pct) and National Bank (7.43 pct) suffering the heaviest percentage losses of the day.
The Real Estate index was the only one to move higher (0.90 pct), while Commerce (8.76 pct), Utilities (8.53 pct), Health (7.61 pct) and Oil (7.17 pct) suffered heavy losses.
Broadly, decliners led advancers by 93 to 22 with another 14 issues unchanged. Kreka (19.68 pct), Attikat (18.18 pct) and Selonda (18.06 pct) were top gainers, while Teletypos (19.44 pct), Thessaloniki Port (15.79 pct) and AEGEK (14.58 pct) were top losers.
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