Equity prices were declining at the opening of trade on Wednesday on the
Athens Stock Exchange (ASE), with the basic share price index down 1.05 percent, standing at 1,563.22 points at 11:30 am, and turnover at 34.068 million euros.Earlier, the equity prices had fallen up to 2.17 percent, following a Standard & Poor's announcement of a possible downgrading of the Greek economy's credit rating, with the general index falling to 1,545.57 points, but much of the lost ground was recouped more than an hour into trading.
Individual sector indices were moving downward nearly across the board, with the only gains in Insurance, up 1.61 percent; Public Utilities, up 0.28 percent; and Financial Services, up 0.23 percent.
The biggest losses were in Personal Products, down 3.10 percent; and Mass Media, down 2.09 percent.
The FTSE/ASE 20 index for blue chip and heavily traded stocks was down 1.00 percent, the FTSE/ASE MID 40 index was down 1.00 percent, and the FTSE/ASE-80 small cap index was down 1.27 percent.
Of the stocks traded, 12 were up, 67 were down, and 9 were unchanged.
