Ελληνικό Χρηματιστήριο

Greek stocks continue moving lower, Lamda under pressure

Greek stocks continued moving lower for the third successive session pushing the general index of the market below the 850-point level.

Greek stocks continued moving lower for the third successive session pushing the general index of the market below the 850-point level. Traders said Lamda Development’s shares came under heavy pressure on reports that the company was examining a share capital increase plan ahead of the start of works in the Hellinikon project.

The general index fell 1.05 pct to end at 849.81 points, off the day’s lows of 845.88 points. The Large Cap index fell 1.08 pct and the Mid Cap index ended 1.03 pct lower.

Turnover was 60.11 million euros in volume of 22,778,939 shares. Alpha Bank (1.37 pct) and Sarantis (1.23 pct) scored big gains among blue chip stocks, while Lamda Development (8.84 pct), Terna Energy (4.99 pct), PPC (4.14 pct) and Ellaktor (3.94 pct) suffered heavy losses.

Among market sectors, Commerce (1.65 pct) and Banks (0.10 pct) scored gains, while Real Estate (7.96 pct) and Utilities (3.38 pct) ended lower. Eurobank and Alpha Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 82 to 33 with another 22 issues unchanged. Xylemporia (29.70 pct) and Leventeris (21.82 pct) were top gainers, while Mathios (29.52 pct) and Varagis (19.13 pct) were top losers.

Ακολουθήστε το Business Daily στο Google news

RELATED ARTICLES

ENGLISH EDITION

IPTO unveils 4.1 bln euro ten yr investment plan

IPTO's medium-term plans target new international electrical interconnections, new upgrade projects of the National Transmission System at High (150 kV) and Ultra High Voltage (400 kV) and improving the reliability of the network to boost credibility under the weight of growing RES penetration. The investment blueprint includes proposals for pilot projects for electricity storage on the islands and the mainland.