ECONOMY

Uncertainty dims outlook, banks maintain strength

Greek stocks headed south toward the close of trade on Wednesday as the outlook for European debt became less clear and Coca-Cola HBC forecast a greater impact of currency fluctuations on its profits.

The Athens Exchange (ATHEX) benchmark index ended 0.51 percent lower, closing at 639.57 points, after remaining in positive territory for most of the session. The blue chip FTSE/ATHEX 20 index was down 0.42 percent, while mid-caps rose 1.03 percent.

Banks edged higher: National 0.72 percent, Alpha 1.41 percent and Eurobank EFG 0.97 percent. By contrast, OTE telecom and gaming monopoly OPAP, which seem to be moving in tandem lately, shed 0.76 and 0.93 percent respectively but in continued high turnover. Coca-Cola HBC closed 2.18 percent lower, at 14.34 euros.

Turnover dropped sharply to 27.6 million euros.