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Greek stocks remained under heavy selling pressure on Wednesday

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Greek stocks remained under heavy selling pressure in the Athens Stock Exchange on Wednesday, hit by a deteriorating climate in the domestic bond market, pushing the general index below the 790-point level. Selling activity focused on bank shares and Folli Follie.

The general index dropped 1.43 pct to end at 787.90 points, the lowest closing since April 4, 2018.

The Large Cap index fell 1.38 pct and the Mid Cap index ended 0.32 pct lower. Turnover was 77.599 million euros in volume of 66,051,450 shares. Hellenic Petroleum (0.90 pct), Coca Cola HBC (0.85 pct) and PPC (0.68 pct) were top gainers among blue chip stocks, while Piraeus Bank (6.16 pct), Eurobank (4.74 pct), Folli Follie (3.92 pct) and Hellenic Exchanges (3.23 pct) suffered losses. Among market sectors, Health (1.20 pct) and Food (0.82 pct) scored big gains, while Commerce (3.82 pct), Banks (3.50 pct) and Financial Services (3.09 pct) suffered losses. National Bank and Eurobank were the most heavily traded securities of the day. Broadly, decliners led advancers by 84 to 28 with another 30 issues unchanged. CPI (29.09 pct), SIDMA (19.61 pct), Livanis Publications (15.48 pct) were top gainers, while Fieratex (26.15 pct), Vioter (20 pct) and Forthnet (18.69 pct) were top losers.

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