Thursday, May 5, 2011

Stocks continue moving lower

Stocks continued moving lower for a fourth consecutive session this week at the Athens Stock Exchange,
as an early recovery effort failed to materialise in the market. The composite index fell 0.69 pct to end at 1,378.05 points, after gaining as much as 0.87 pct during the session.

    Turnover was a low 69.97 million euros. The Big Cap index fell 0.83 pct, the Mid Cap index ended 0.12 pct higher and the Small Cap index rose 1.32 pct. Viohalco (4.59 pct), MIG (1.49 pct), OPAP (0.99 pct) and Cyprus Bank (0.86 pct) scored gains among blue chip stocks, while OTE (3.95 pct), Eurobank (3.41 pct), Motor Oil (2.27 pct), PPC (2.23 pct) and National Bank (0.40 pct) suffered losses.

    The Industrial Products (1.64 pct) and Commerce (1.50 pct) sectors scored gains, while Media (6.25 pct), Telecoms (3.95 pct) and Utilities (2.15 pct) suffered the heaviest percentage losses of the day. Broadly, decliners led advancers by 76 to 63 with another 45 issues unchanged. Hellenic Fish Farms (16.67 pct), Papoutsanis (15 pct) and Korinth Pipes (11.58 pct) were top gainers, while Unibios (14.29 pct), Shelman (11.54 pct) and Nafpaktos Spin Mills (9.52 pct) were top losers.







ANA-MPA