ECONOMY

Bourse posts weekly loss of 7.7 percent

General uncertainty over the future of Greek economy inflicted more losses on stocks on the Athens bourse on Friday.

The Athens Exchange (ATHEX) general index closed at 1,583.20 points, declining by 1.05 percent from Thursday?s closing at 1,599.97 points. On a weekly basis the index has shed a considerable 7.69 percent.

The blue chip FTSE/ATHEX 20 index also fell by 1.05 percent yesterday to end at 741.26 points.

Top Greek lenders National and Alpha exchanged spiteful comments on Friday regarding their failed attempt for a merger last week, with both their stocks posting losses on the bourse: National declined by 1.71 percent to drop below the seven-euro level, while Alpha fell by 2.40 percent.

Leading losers among blue chips were Viohalco (down 3.98 percent) and Ellaktor (3.25 percent). Mytilineos (up 2.28 percent) and Titan cement (1.76 percent) had the biggest gains.

In total 57 stocks moved up, 95 went down and 52 remained unchanged. Once again, Eleftheri Tileorasi led those rising with a 19.74 percent growth, while Koumbas posted the biggest loss, amounting to 15.79 percent.

Turnover came to a 99.5 million euros, down from Thursday?s 125.7 million.