ECONOMY

No end in sight for stock fall

The decline continued on the Greek bourse on Friday, fueled by worries about the country?s finances and poor corporate data reports, while turnover has failed to surpass the 100-million-euro mark all week.

The Athens Exchange (ATHEX) general index ended at 1,370.10 points, down 0.58 percent from Thursday?s close at 1,378.05 points. On a weekly basis the main index gave up 4.50 percent. The blue chip FTSE/ATHEX 20 index dropped by 0.66 percent on Friday, to end at 614.25 points.

Non-bank blue chips moderated the index?s losses, led by Jumbo (up 2.01 percent), OPAP (1.75 percent), OTE telecom and Public Power Corporation (both 1.37 percent) and Hellenic Petroleum (1.17 percent).

Titan cement suffered the biggest drop (3.92 percent), followed by Alpha Bank (3.34 percent), Coca-Cola HBC (3.22 percent) and Eurobank EFG (2.94 percent). National Bank fell further (1.20 percent) to 4.92 euros.

In total, 56 stocks moved up, 65 went down and 61 remained unchanged. Unibios posted the biggest rise for the second day in succession, with gains of 16.67 percent, while Altec led the losers, shedding 16.67 percent.

Turnover came to 77.8 million euros, up from 70 million on Thursday.