Late buying in banks trims bourse losses

Late session buying in financials helped trim losses on the Athens bourse yesterday after some positive research reports on the country’s banks eased selling pressure in the sector. Banks ended off 0.65 percent, trimming earlier losses of more than 2 percent. The general index finished at 1,669.69 points after dipping to an intra-session low of 1,649.30 points. Intralot trimmed early gains to end 4.33 percent higher at 13.98 euros, after a court ruled that it will be compensated by lottery organization OPAP for delays in launching new betting games. OPAP announced it will appeal the court decision. State-owned OPAP, down 12 percent since the beginning of the year, lost 1.36 percent to 8.68 euros. Turnover was 70.42 million euros, with 18.5 million shares changing hands. Losers beat winners 187 to 104, with 64 shares unchanged on 355 traded. (Reuters)

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