The steep drop posted by National Bank stock dragged the rest of the local bourse lower on Thursday, although the benchmark managed to claw its way back up from a 4 percent slide to contain losses to just over 1 percent at the end of the session.
The Athens Exchange (ATHEX) general index closed at 826.81 points, shedding 1.17 percent from Wednesday’s 836.58 points. The large-cap FTSE/ATHEX-25 index contracted by 1.35 percent to 276.25 points.
National’s stock and warrant took a serious beating as the investors who had thought they might reap short-term gains decided to sell, leading to a 24.37 percent drop for the stock and a 79.38 percent slump in the warrant’s price.
In total, 62 stocks went up, 68 recorded losses and 21 stayed put.
Turnover came to 71.3 million euros.