ECONOMY

Additional losses for local stocks

The Greek bourse slid on Friday to levels unseen since March 1997, as a light at the end of the tunnel of the Greek crisis remains elusive and investors are still awaiting news of a genuine effort to bolster market confidence.

The Athens Exchange (ATHEX) general index ended at 1,297.36 points, dropping by 1.88 percent from Thursday?s close at 1,322.27 points. On a weekly basis it lost 4.34 percent.

The blue chip FTSE/ATHEX 20 index fell by 2.10 percent on Friday to end at 577.61 points.

Only Public Power Corporation (up 0.59 percent) and toy retailer Jumbo (0.20 percent) registered gains in the week?s last session.

OPAP suffered losses of 4.33 percent, Viohalco declined by 3.73 percent, Bank of Cyprus shed 3.14 percent and Mytilineos contracted by 3.07 percent. National Bank lost 2.30 percent to close at 4.67 euros.

In total, 47 stocks moved up, 79 went down and 52 remained unchanged. Unibios posted the biggest rise, with gains of 20 percent, while Babis Vovos led the losers, shedding 13.45 percent.

Turnover came to just 78.2 million euros, down from 90.5 million on Thursday.