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Greek stocks remain under pressure, end lower

01/09/2003 17:10
Greek stocks ended lower on Monday with the Athens Stock Exchange unable to follow other European bourses higher.

The general index ended 0.62 percent lower at 2,196.94 points, below the 2,200 level reflecting heavy losses in blue chip stocks like Hellenic Telecommunications Organisation (it ended 3.81 percent down).

All sector indices ended lower, with the Insurance, IT Solution and Food-Beverage indices suffering the heaviest percentage losses of the day (6.09 percent, 5.99 percent and 4.54 percent, respectively). The Bank index recorded the smallest losses of the day (-0.46 percent). Turnover was a moderate 166.5 million euros.

The FTSE/ASE 20 index for blue chip and heavy traded stocks fell 0.39 percent, the FTSE/ASE MID 40 index dropped 2.36 percent and the FTSE/ASE SmallCap 80 index plunged 4.08 percent.

Broadly, decliners led advancers by 313 to 39 with another 12 issues unchanged.