ECONOMY

Bourse heads south with troika in Athens

After two sessions of growth, the majority of Greek stocks fell sharply on Tuesday, likely due to the presence of the representatives of the country’s creditors in Athens making investors nervous, as well as the fact that many have simply gone on holiday.

The Athens Exchange (ATHEX) general index closed at 823.83 points, declining by 3.24 percent from Monday’s 851.42 points. The large-cap FTSE/ATHEX-25 index contracted by 2.65 percent to 279.18 points.

A day ahead of the introduction of its new shares on Wednesday, Piraeus Bank saw its stock give up 13.60 percent. The only blue chip to fare even worse was Intralot, which continued to slide, giving up 14.63 percent. Eurobank Properties was the best off with gains of 4.82 percent.

In total, 39 stocks went up, 91 reported losses and 16 stayed put.

Turnover rose to 43.2 million euros, compared to Monday’s 39.9 million euros.