BUSINESS

Ninth straight day of stock losses for first time in 6 years

The local stock market continued its slide unabated on Tuesday with the benchmark dropping below the 1,200-point mark for the first time in almost three months while it had been six years since the Greek bourse last chalked up nine consecutive sessions of losses.

The Athens Exchange general index closed at 1,186.99 points, shedding 1.72 percent from Monday’s 1,207.82 points. The large-cap FTSE/ATHEX 25 declined 1.59 percent to 382.82 points, although small-caps outperformed again, with their index climbing 0.47 percent.

The upcoming rebalancing of Piraeus Bank contributed to its 3.47 percent rise, but National Bank contracted 6.75 percent and Eurobank Properties gave up 5.44 percent.

In total, 46 stocks posted gains, 72 took losses and 21 remained unchanged.

Turnover amounted to 190.5 million euros, up from Monday’s 136.31 million.

Online