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Greek stocks came under strong selling pressure in the ASE on Monday

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Greek stocks came under strong selling pressure in the Athens Stock Exchange on Monday despite a positive climate prevailing in other European markets and in the domestic bond market.

The general index of the market fell 1.82 pct to end at 758.96 points, with the Large Cap index falling 1.57 pct and the Mid Cap index ending 0.25 pct lower. Turnover was a low 38.180 million euros in volume of 28,515,415 shares.

Piraeus Bank (1.87 pct), Sarantis (0.70 pct) and Motor Oil (0.54 pct) scored big gains, while PPC (2.66 pct), Lamda Development (2.22 pct) and Aegean Airlines (2.04 pct) suffered heavy losses. Among market sectors, Telecoms (0.19 pct), Health (0.12 pct) and Oil (0.09 pct) scored big gains, while Raw Materials (3.48 pct) and Technology (2.81 pct) suffered losses. National Bank and Eurobank were the most heavily traded securities of the day. Broadly, decliners led advancers by 63 to 41 with another 17 issues unchanged. Aeoliki (15.18 pct), Progressive (9.76 pct) and Tzirakian (9.17 pct) were top gainers while Pairis (21.57 pct), Fieratex (19.23 pct) were top losers.

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