ECONOMY

Blue chips lose ground ahead of crucial week of gov?t talks

In the absence of buying interest, the few blue chip sellers dictated a more or less expected slide for Greek stocks in thin trade on Monday. Global markets also edged lower, as investors remained cautious in view of a week of crucial meetings for the Greek government.

The Athens Exchange (ATHEX) benchmark index ended 2.04 percent lower, closing at 626.22 points, with the blue chip FTSE/ATHEX 20 index shedding 1.97 percent to 226.82 points.

OTE telecom gave up a good chunk of last week?s gains, diving 5.60 percent to 2.36 euros, with Coca-Cola HBC following suit and dropping 5.42 percent lower to 14.65 euros.

Betting firm OPAP edged 0.57 percent down to 5.27 euros. Banks also headed south: Alpha 1.48 percent, National 0.76 percent and Eurobank 3.53 percent.

Turnover came to 15.4 million euros.