Local stock market contracts Spanish flu

The Spanish flu that struck most European bourses on Wednesday, with worries about Spain’s economy growing by the day, also affected the health of the local stock market. Corporate results for the year?s first quarter have not helped investors’ mood either.

The Athens Exchange (ATHEX) general index ended at 511.29 points, contracting by 3.19 percent from Tuesday?s closing figure of 528.14 points.

The blue chip FTSE/ATHEX 20 index added 3.68 percent to close at 185.51 points.

All but two blue chips headed south, led by Jumbo (down 9.06 percent), National Bank (7.94 percent) and Marfin Investment Group (7.79 percent).

Duty Free Shops gained 3.59 percent and OPAP added 0.25 percent.

In total, 34 stocks recorded gains, 77 posted losses and 20 remained unchanged.

Turnover amounted to 36 million euros, down from Tuesday?s 38.3 million.