Greek stocks continued moving lower for the third successive session pushing the general index of the market below the 850-point level. Traders said Lamda Development’s shares came under heavy pressure on reports that the company was examining a share capital increase plan ahead of the start of works in the Hellinikon project.
The general index fell 1.05 pct to end at 849.81 points, off the day’s lows of 845.88 points. The Large Cap index fell 1.08 pct and the Mid Cap index ended 1.03 pct lower.
Turnover was 60.11 million euros in volume of 22,778,939 shares. Alpha Bank (1.37 pct) and Sarantis (1.23 pct) scored big gains among blue chip stocks, while Lamda Development (8.84 pct), Terna Energy (4.99 pct), PPC (4.14 pct) and Ellaktor (3.94 pct) suffered heavy losses.
Among market sectors, Commerce (1.65 pct) and Banks (0.10 pct) scored gains, while Real Estate (7.96 pct) and Utilities (3.38 pct) ended lower. Eurobank and Alpha Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 82 to 33 with another 22 issues unchanged. Xylemporia (29.70 pct) and Leventeris (21.82 pct) were top gainers, while Mathios (29.52 pct) and Varagis (19.13 pct) were top losers.
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