ECONOMY

Index recovers after dropping below 800 pts

The Greek bourse recorded its lowest closing level of the year on Wednesday, but managed to avert an even bigger slide as it contained losses which at one point had brought the main index below the 800-point mark on uncertainty generated mostly by developments in Portugal.

The Athens Exchange (ATHEX) general index closed at 819.03 points, declining by 0.58 percent from Tuesday’s 823.83 points. The large-cap FTSE/ATHEX-25 index contracted by 0.49 percent to 277.80 points.

Corinth Pipeworks continued to bask in the afterglow of last week’s deal for the Trans Adriatic Pipeline, at the stock climbed 4.65 percent on Wednesday, while Intralot posted the highest gains (10.71 percent) after several days of decline. National Bank gave up 6.78 percent.

In total, 59 stocks went up, 64 fell and 19 remained unchanged.

Turnover amounted to 62.9 million euros, up from Tuesday’s 43.2 million euros.