BUSINESS

Stock losses mount due to prolonged uncertainty

The prolonged uncertainty over Greek banks’ share capital increases and the delayed return of creditor representatives to Athens on Tuesday continued to cast a shadow over the local bourse, which suffered losses for a fourth consecutive session.

The Athens Exchange (ATHEX) general index closed at 1,215.34 points, shedding 1.95 percent from Monday’s 1,239.48 points. Losses since the decline started have risen to to 5.33 percent. The large-cap FTSE/ATHEX 25 contracted by 1.63 percent to 401.11 points.

Coca-Cola HBC led the blue chip gainers, adding 2.19 percent, while Public Power Corporation grew by 5.31 percent, Marfin Investment Group rose by 5.19 percent and Hellenic Exchanges declined by 4.37 percent.

In total 42 stocks posted gains, 97 sustained losses and 15 stayed unchanged.

Turnover reached 109.4 million euros, up from Monday’s 67.8 million.

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