ECONOMY

OPAP fails to pull stocks into positive territory

Greek stocks remained southbound on Tuesday, despite the fact that global stocks rose as investors shrugged off a credit downgrade for Italy and other bad news.

The Athens Exchange (ATHEX) general index shed 0.71 percent, closing at 844.19 points in thin trade. Strong buying interest in blue chip gaming firm OPAP failed to keep the index above water.

The blue chip FTSE/ATHEX 20 index ended 0.72 percent lower at 355.34 points. OPAP outperformed on rumors of buying interest by Silchester International Investors LLP, surging 7.38 percent to 8 euros. By contrast, Public Power Corporation dived 5.54 percent to 5.97 euros and Eurobank lost 5.13 percent, falling to 1.11 euros.

Turnover fell to 45.8 million euros, while 74 stocks moved up, 53 went down and 64 remained unchanged.