ECONOMY

Stocks fall to 19-year low

Greek stocks fell to 19-year lows Friday, failing to follow a European rebound after rumors the European Central Bank would intervene to defuse the Union?s debt crisis.

The Athens Exchange (ATHEX) general index ended 3.87 percent lower at 797.95 points. Banks led the way down with losses of 8.30 percent.

The blue chip index fell 4.88 percent, and only three stayed above water — Jumbo, which gained 4.47 percent, Hellenic Petroleum, which rose 3.68 percent, and Ellaktor, up 1.37 percent. Alpha Bank crashed 13.33 percent lower and Eurobank lost 12.15 percent, falling below 1 euro, while bellwether National Bank and gaming firm OPAP plunged more than 7 percent.

Turnover rose to 80.3 million euros. Just 21 stocks advanced, 119 went down and 30 remained unchanged.