ECONOMY

Stocks dip 0.32 pct; CCH rallies

Greek stocks eased 0.32 percent on Wednesday on bank losses despite a rally in Coca-Cola Hellenic (CCH), the country?s largest company.

The Athens bourse?s benchmark general index ended at 1,271.43 points. The blue chip FTSE/ATHEX 20 index retreated 1.13 percent to end at 569.58 points.

Banks slipped 2.58 percent. National Bank (NBG) gave up 2.03 percent to 4.83 euros and Eurobank EFG fell 3.35 percent to 3.17 euros.

According to a note prepared by Barclays Capital, NBG holds 13.2 billion euros of Greek government debt, the most among any lender. Next on the list comes Eurobank EFG with 9 billion euros of Greek debt and Piraeus Bank (BOP) with 8 billion euros of local bonds. Shares in BOP eased 0.93 percent yesterday to 1.06 euros.

CCH, the world?s second-largest Coke bottler, jumped 5.56 percent to 19 euros, boosting its market capitalization to almost 7 billion euros.

OTE telecom fell 3.13 percent to 6.20 euros and power company PPC ended at 9.41 euros, off 1.26 percent. Betting company OPAP also ended 1.26 percent at 11.16 euros.

Turnover reached 83.3 million euros.