ECONOMY

Bourse suffers fresh losses as index falls below 900 pts

The impact of the failure of the DEPA tender and the unrest created within the government by the closure of state broadcaster ERT resulted in a second day of major losses for most Greek stocks, bringing the benchmark index of the market below the 900-point level on Tuesday.

The Athens Exchange (ATHEX) general index closed at 895.86 points, falling by 4.67 percent from Monday’s 939.78 points. The large-cap FTSE/ATHEX-25 index contracted by 4.55 percent to 304.70 points.

The stock of Piraeus Bank suffered a considerable decline of 13.45 percent upon its return to trading following its reverse split, but Alpha fared even worse, shedding 17.35 percent. Jumbo expanded by 3.31 percent.

In total, 37 stocks posted gains, 101 registered losses and 30 remained unchanged.

Turnover came to 89.9 million euros, up from Monday’s 55 million euros.