ECONOMY

Mid-caps take a hit as main index fails to hold 1,000 pts

The continuing decline of banking stocks and concerns raised by the attack on the headquarters of the main party in the coalition government weighed heavily on the local bourse, with mid-caps bearing most of the brunt in the week’s opening session.

The Athens Exchange (ATHEX) general index closed at 968.29 points, contracting by 1.17 percent from Friday’s 979.72 points. It failed the 1,000-point test once again, since as soon as it climbed to 1,000.05 points it started its descent.

The large-cap FTSE/ATHEX-25 index gave up 1.52 percent, ending at 328.50 points. Mid-caps suffered a dramatic 6.55 percent decline.

The banks index dropped 6.88 percent, as Alpha fell 12.26 percent and Piraeus 9.39 percent. Motor Oil added 2.85 percent.

In total 49 stocks registered gains, 124 posted losses and 22 stayed unchanged.

Turnover amounted to almost 89 million euros, up from last Friday’s 72 million.