ECONOMY

Blue chips drag benchmark index lower at end of trade

Optimism can so easily give way to its opposite at the local bourse these days, as Wednesday’s session proved, with gains racked up by the main index in the morning being wiped out by the end of the session on worries regarding an extension to negotiations between Athens and its creditors.

The Athens Exchange (ATHEX) general index ended at 777.48 points, contracting 0.44 percent from Tuesday?s 780.94 points, despite climbing as high as 793.44 points during the day.

The blue chip FTSE/ATHEX 20 index dropped 0.84 percent, to close at 281.96 points, while the mid-cap index added 0.73 percent.

Ellaktor outperformed with gains of 6.88 percent, ahead of Marfin Investment Group (up 3.67 percent) and Motor Oil (3.25 percent), while Alpha Bank gave up 4.92 percent and Viohalco shrank by 3.83 percent.

In total, 83 stocks secured gains, 62 registered losses and 23 remained unchanged.

Turnover came to 58.4 million euros, down from Tuesday?s 67 million.