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Greece: Political situation causes heavy losses at bourse

09. May 2012. | 08:09

Source: AMNA

Stocks ended significantly lower at the Athens Stock Exchange on Tuesday, remaining under heavy pressure on market uncertainty over political developments in the country.

Stocks ended significantly lower at the Athens Stock Exchange on Tuesday, remaining under heavy pressure on market uncertainty over political developments in the country.

The composite index of the market fell 3.62 pct to end at 620.54 points, off the day's lows of 610.23 points. Turnover was a thin 41.717 million euros. The Big Cap index fell 4.44 pct, the Mid Cap index ended 4.14 pct lower and the Small Cap index dropped 3.88 pct.

All sectors ended lower with Banks (9.72 pct), Utilities (7.53 pct) and Health (7.18 pct) suffering the heaviest percentage losses of the day. Hellenic Postbank (1.91 pct) and Motor Oil (0.18 pct) were the only blue chip stocks to end higher, while Alpha Bank (14.29 pct), Cyprus Bank (11.67 pct), Eurobank (10.16 pct) and Piraeus Bank (9.17 pct) were top losers. www.amna.gr

Broadly, decliners led advancers by 100 to 40 with another 17 issues unchanged. Inform Lycos (30 pct), Audiovisual (28.57 pct) and Unibios (19.23 pct) were top gainers, while Dromeas (18.78 pct), Altec (16.67 pct) and Alco Hellas (16.67 pct) were top losers.

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