A strong corrective retreat was registered by stock prices in today’s Stock Exchange session, confirming the stock market saying “buy on the rumor and sell on the news”.

The main stock market index had moved from 1,085 points at the end of April to the levels of 1,280 points recording gains of 17%, without any strong corrective retreat.

With the elections now behind us and a government with a strong majority, all obstacles have been removed for a further rise in the stock market, as noted by Eurobank Equities.

Today’s market decline is also due to the cut of dividends, such as Motor Oil, Terna Energy and Elvalhalcor.

The General Price Index closed at 1,233.74 points, down 2.76%.

Intra-session recorded a lower price at 1,231.03 units (- 2.97%).

The value of transactions amounted to 144.40 million euros, while 46,178,240 shares were traded.

The total market capitalization fell today by 2.06 billion euros.

The large-cap index fell 2.70%, while the mid-cap index fell 2.31%.

All the high capitalization shares closed with losses and the largest decline was recorded by the shares of Motor Oil (-8.29%), Elvalhalcor (-5.76%), Ellaktor (-4.59%), Alpha Bank (-4.43%) and Aegean (-4.43%).

All the individual indices recorded a fall and the largest losses were recorded by the indices of oil (-6.73%), Health (-5.52%) and Raw Materials (-4.20%).

The largest volume of transactions was presented by Alpah Bank and Piraeus, trading 18,966,800 and 8,572,068 shares, respectively.

The highest value of transactions was recorded by Alpha Bank with 28.07 million euros and Piraeus with 22.97 million euros.

14 stocks moved up, 96 fell and 9 remained stable.

The biggest increase was recorded by the shares: Sarandopoulos Mills +9.90% and Progressive +6.52%.

The biggest drop was registered by the shares: Xylemporia (p) -25.24% and VIS -9.66%.

The stocks in the large cap index closed as follows:

TITAN: 16.9800 -1.28%

ALPHA BANK: 1.4575 -4.43%

AEGEAN AIRLINES: 10.3600 -4.43%

AUTOHELLAS: 13.3800 -1.18%

VIOHALCO: 5.7400 -4.17%

GEK TERNA: 14.1400 -1.81%

PPC: 9.6250 -4.13%

COCA COLA HBC: 27.0000 -1.82%

ELLAKTOR: 2.1950 -5.59%

ELPE: 8.2200 -1.79%

ELVALHALCOR: 1.9320 -5.76%

NATIONAL: 5.5680 -1.35%

EYDAP: 6.6500 -0.45%

EUROBANK: 1.4500 -2.68%

STOCK QUEST: 6.0500 -2.10%

LAMDA DEVELOPMENT: 6.5050 -1.06%

MOTOR OIL: 23.0200 -8.29%

JUMBO: 23.2600 -3.08%

MYTILINEOS: 32.5000 -1.40%

PPA: 20.4000 -1.21%

OPAP: 15.5400 -1.96%

OTE: 14.9100 -0.67%

PIRAEUS: 2.6720 -3.88%

SARANTIS: 7.3000 -4.33%

TERNA ENERGY: 20.0200 -3.66%