ECONOMY

Bank stocks slide as bourse awaits FTSE valuation

The Greek bourse picked up on Monday from where it had left off on Friday, continuing its diving course ahead of the market valuation by the FTSE agency on Tuesday.

The Athens Exchange (ATHEX) general index ended the day at 733.89 points, declining by 2.45 percent from Friday?s closing level of 752.35 points. The blue chip FTSE/ATHEX 20 index contracted by 3.50 percent to close at 295.81 points.

The banks index has posted losses of 11.26 percent in the space of just two sessions. Hellenic Postbank saw the biggest losses (down 12.45 percent), followed by Alpha Bank (12.34 percent) and Eurobank (10.91 percent). Duty Free Shops grew 2.60 percent.

In total, 47 stocks registered gains, 92 posted losses and 21 remained unchanged.

Turnover amounted to 50.1 million euros, down from 81.7 million on Friday.