Stocks decline across the board on global jitters

Greek stocks came under strong pressure in the midst of negative sentiment on global markets yesterday. Raw materials and commerce led losses among the 17 sectoral indices, where only food and beverages held its own. The Athens Exchange (ATHEX) benchmark Index lost 1.4 percent, to 5,072.65 points, as 48 of its constituent stocks fell, five rose and seven ended unchanged. The FTSE/ATHEX 20 index of the country’s largest companies declined 1.4 percent to 2,686.04. The mid-cap and small-cap indices were down 1.48 percent and 1.50 percent respectively. Coca-Cola HBC was the only blue chip to stay afloat, adding 0.63 percent, to -26.06. National Bank sank 1.6 percent, to -46.64. EFG Eurobank lost 1.9 percent, to -22.34. OPAP retreated 0.9 percent, to -26.90. Europe’s third-biggest gaming company is seeking an adviser to make recommendations on a «full overhaul» of the company, CEO Christos Hadjiemmanuil told Kathimerini. The adviser will have three months to draw up proposals. Mytilineos slumped 4.76 percent, Viohalco tumbled 4.40 percent, Intralot was 3.10 percent lower, Motor Oil dropped 2.97 percent and Piraeus Bank shed 2.39 percent. Turnover totaled -442.4 million. The Cypriot General Market Index fell 1.2 percent to 4,653.75 points.