Stock losses contained, but banks post big drops

Earlier losses were moderated toward the end of the local bourse session on Wednesday as investors hung on to hopes of an end to the political problems that had been dragging on since the end of last week.

The Athens Exchange (ATHEX) general index ended at 767.11 points, shedding 1.61 percent from Tuesday?s closing figure of 779.63 points.

The blue chip FTSE/ATHEX 20 index declined by 2.75 percent to close at 299.76.

Alpha Bank was the worst off among blue chips, dropping 9.02 percent, followed by National Bank (down 6.45 percent) and Piraeus Bank (6.30 percent). Coca-Cola HBC added 3.52 percent.

In total, 66 stocks went up, 79 went down and 22 remained unchanged.

Turnover amounted to 60.8 million euros, falling from Tuesday?s 69 million.