BUSINESS

Run of gains ends on local stock market

Eurogroup chief Jean-Claude Juncker’s statement that additional measures will be taken to reduce the Greek debt to 124 percent of gross domestic product by 2020 and estimates by bank officials that the two debt restructurings this year have cost lenders some 26.5 billion euros sent local stocks tumbling on Thursday.

The Athens Exchange (ATHEX) general index ended at 859.76 points, declining by 1.54 percent from Wednesday’s 873.25 points. The large-cap FTSE/ATHEX-25 index gave up 1.75 percent to end at 298.92 points.

The outcome of the state lotteries tender continued to weigh on OPAP, which lost another 2.90 percent.

Alpha Bank gave up 6.10 percent, while Marfin added 7.24 percent.

In total 62 stocks went up, 87 fell and 22 stayed put.

Turnover amounted to 61.7 million euros, down from Wednesday’s 66.4 million.

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