BUSINESS

ATHEX: Greek stocks edge down as banks perform poorly

TAGS: Stocks

The Greek stock exchange’s general index fell slightly to 569.6 points on Monday, a 0.30 percent drop from its previous closing.

Bank stocks in Athens were among the biggest downward movers in the wake of nervousness among investors following Europe-wide stress tests whose results were published on Friday.

This was a trend that was replicated at bourses across the continent.

National Bank shares fell 6.44 percent, followed by Eurobank (-5.10 percent), Piraeus (-2.67 percent) and Alpha (-1.13 percent).

GEK Terna and Grivalia Properties saw the day’s biggest increases, up 2.06 and 2.02 percent respectively.

Overall, 48 stocks rose, 41 fell and 13 remained stable.

Turnover reached 29.1 million euros.

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