Banks Piraeus and Alpha saw their stocks close below the prices of their recent share capital increases, which signaled a day of sales for investors and sent the benchmark down to 1,150 points before National Bank almost single-handedly reined in bourse losses toward the end of Monday’s session.
The Athens Exchange (ATHEX) general index closed at 1,164.59 points, shedding 2.27 percent from Friday’s 1,191.70 points. The large-cap FTSE/ATHEX 25 contracted 1.98 percent to close at 374.56 points.
National was the only large-cap to enjoy gains (3.54 percent), while Frigoglass declined 7.65 percent, Titan Cement slid 4.98 percent, METKA gave up 4.32 percent and Motor Oil dropped 4.25 percent.
In total 29 stocks showed gains, 104 suffered losses and 16 ended unchanged.
Turnover amounted to 161.3 million euros, less than half of Friday’s 324.5 million.