Stocks trim losses on local bourse

The announcement on Tuesday of an extraordinary European Union summit on Friday to discuss the eurozone debt problem helped contain losses on the local bourse after a largely southbound session.

The Athens Exchange (ATHEX) general index ended at 1,216.51 points, easing 0.19 percent from Monday?s close at 1,218.88 points. The blue chip FTSE/ATHEX 20 index dropped just 0.52 percent to end at 533.89 points. Nevertheless the small-cap FTSE/ATHEX 80 index contracted by a significant 2.02 percent.

ATEbank continued its slide with losses of 14.77 percent. It was followed by Bank of Cyprus (down 4.55 percent), Motor Oil (4.12 percent), Marfin Popular Bank (3.70 percent) and Marfin Investment Group (3.64 percent). Eurobank EFG posted gains of 2.41 percent, ahead of National Bank (up 1.58 percent) and Coca-Cola HBC (1.19 percent).

In total, 37 stocks moved up, 112 went down and 27 remained unchanged. Imperio posted the highest gains, adding 20 percent, while Altec and Tegopoulos Publications were the worst off, with a decline of exactly the same amount.

Turnover came to 99.8 million euros on Tuesday, up from 81 million on Monday.