MSCI blow to National, OTE sends index lower

As the political turmoil in Greece continued on Wednesday and Morgan Stanley Capital International (MSCI) announced it had taken two blue chips (National Bank and OTE telecom) off its Standard Index, the general benchmark index of the local bourse continued to sink.

The Athens Exchange (ATHEX) general index ended the day at 555.42 points, declining by 1.33 percent from Tuesday?s closing figure of 562.88 points. The blue chip FTSE/ATHEX 20 index gave up 2.92 percent to close at 206.16 points.

OTE lost 15.26 percent and National slid 13.48 percent, while Coca-Cola HBC gained 6.08 percent.

In total, 43 stocks recorded gains, 69 posted losses and 23 remained unchanged.

Turnover amounted to 49 million euros, up from Tuesday?s 43.4 million.