ECONOMY

Banks soften blow as state firm stocks suffer

The stocks of state-owned firms suffered the most during the Athens bourse?s first trading session of the week on Monday as doubts regarding the next government and a possible new election sent the main index well below the 600-point mark.

The Athens Exchange (ATHEX) general index ended at 584.04 points, falling 4.56 percent from Friday?s closing figure of 611.96 points. The blue chip FTSE/ATHEX 20 index gave up 4.27 percent to close at 221.78 points.

State gaming company OPAP gave up 11.97 percent with Duty Free Shops close behind (11.66 percent). Several banks rebounded, though, as Eurobank EFG added 3.18 percent and Alpha rose 2.34 percent.

In total, 25 stocks recorded gains, 90 posted losses and 23 remained unchanged.

Turnover dropped to 38.9 million euros from last Friday?s 147.2 million.