ECONOMY

Local bourse fails to track Europe peers

Local stocks returned to a southbound course on Thursday despite gains across most European markets and the approval of the expansion of the competences of the European Financial Stability Facility by the German parliament.

The Athens Exchange (ATHEX) general index ended at 802.57 points, dropping by 0.91 percent from Wednesday?s closing figure of 809.94. The blue chip FTSE/ATHEX 20 index declined by 1.53 percent to 330.28 points.

Mytilineos led the blue chip losers as it contracted by 6.41 percent, while Titan cement and Marfin Popular Bank both shed 5.56 percent. Public Power Corporation added 3.58 percent.

In total, 50 stocks moved up, 56 went down and 61 remained unchanged.

Turnover came to 39.7 million euros.