ECONOMY

Stock index heads south on euro, election worries

Greeks stocks lost ground on Tuesday as turnover dropped to the lowest seen in the last 27 sessions. Investors appear to be growing increasingly wary about the future of the euro and, on a local level, are waiting to see what will happen after the national election this Sunday.

The Athens Exchange (ATHEX) general index ended at 489.35 points, declining by 1.42 percent from Monday?s closing figure of 496.40 points. The blue chip FTSE/ATHEX 20 index dropped by 1.43 percent to close at 178.06 points.

Ellaktor stood out among the blue chips with gains of 9.68 percent, while Mytilineos was the worst off with losses of 4.91 percent.

In total, 55 stocks posted gains, 65 registered losses and 23 remained unchanged.

Turnover amounted to just 22.4 million euros, against Monday?s 36 million.