BUSINESS

Greek stock index edges down on slow trade

TAGS: Stocks

A slow day on the Athens stock exchange ended on Monday with the general index falling 0.43 percent to 560.39 points.

The most notable figure of the day, though, was the extremely low turnover, which reached just 14.9 million euros, less than half its average level in the previous week.

The meager turnover was an indication of the subdued atmosphere and reduced appetite for risk, with 48 shares falling, 34 rising and 14 remaining unchanged on Monday.

GEK Terna was the biggest climber, with a rise of 5.21 percent.

It was followed by Piraeus Port Authority (OLP), which increased by 2.54 percent.

Lamda Development, which heads a consortium that has agreed to redevelop the former airport at Elliniko, suffered the most on Monday.

The firm’s shares plunged 4.27 percent after reports that the Culture Ministry’s plans to mark out a large area in Elliniko as an archaeological site could derail the development project.

The ministry has since denied there will be any disruption.

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