Investors pocket gains, stocks dip

Greek stocks dipped nearly 1 percent on Tuesday as investors chipped away at recent gains against a backdrop of soft European bourses.

The Athens Exchange?s benchmark general index, which has gained more than 14 percent in the last 10 days, eased 0.92 percent to 1,534.39 points.

The blue chip FTSE/ATHEX 20 index gave up 1.22 percent to end at 716.26 points and the mid-cap FTSE/ATHEX 40 index inched lower 0.17 percent.

Banks fell 1.76 percent, led by a 2.28 percent drop in National Bank to 6.85 euros. Alpha Bank slipped 2.35 percent to 4.15 euros and Hellenic Postbank ended at 3.12 euros, off 3.41 percent.

OTE telecom slipped 0.69 percent to 7.19 euros and power company PPC shed 1.55 percent to 11.42 euros.

Buyers turned to Coca-Cola Hellenic, sending the stock 1.34 percent higher to 21.20 euros, and power plant builder Metka, which advanced 1.90 percent to 10.70 euros.

In late afternoon trade, Germany?s DAX, London?s FTSE and France?s CAC were off between 0.13 and 0.33 percent.

Turnover in Athens was unchanged from the previous day, at 106.4 million euros on Tuesday.