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Investors continue to pull out of Greece over political risks

Fears regarding Greece’s political stability in this election period saw investors feeling overexposed to the Athens market continue their flight on Friday, forcing major losses on the bourse for the second day in a row.

The Athens Exchange (ATHEX) general index closed at 1,088.25 points, shedding 3.15 percent from Thursday’s 1,123.62 points. On a weekly basis it gave up 8.68 percent.

The large-cap FTSE/ATHEX 25 declined 3.26 percent on Friday to close at 350.33 points, while small-caps added 0.18 percent.

Piraeus was the worst off, tumbling 11.04 percent, while Jumbo expanded 3.92 percent.

In total 34 stocks rose, 94 dropped and 20 stayed put.

Turnover amounted to 318.1 million euros, down from Thursday’s 440 million.

ekathimerini.com , Friday May 16, 2014 (19:17)  
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