BUSINESS

Stocks continue to drop as investors remain reserved

Greek stocks continued to head south on Thursday, led by banks, with turnover at the second-lowest level seen since the start of the year as investors remained reserved, dismissing the significance of any news concerning the recovery of the economy.

The Athens Exchange (ATHEX) general index closed at 1,250.25 points, shedding 0.50 percent from Wednesday’s 1,256.52 points. The large-cap FTSE/ATHEX 25 contracted 0.62 percent to 406.90 points, while mid-caps showed 0.54 percent growth.

National Bank was the worst off among blue chips, sliding 2.78 percent. It was followed by Jumbo (down 2.67 percent) and Titan Cement (2.24 percent). The biggest gains were chalked up by Piraeus Port Authority, which added 1.73 percent. Water utility EYDAP grew by 1.40 percent.

In total 60 stocks posted gains, 75 registered losses and 125 stayed put.

Turnover amounted to 42.8 million euros, down from Wednesday’s 67.8 million.

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