ECONOMY

Banks extend losses for a fourth session

Bank stocks led the fourth consecutive day of decline on the Athens bourse on Thursday, with their index wiping out the gains that had been made so far this year by shedding 8.64 percent of their value, putting them 6.18 percent in the red for 2013.

The Athens Exchange (ATHEX) general index closed at 1,038.39 points, giving up 3.91 percent from Wednesday’s 1,080.65 points. The large-cap FTSE/ATHEX-25 index shrank by 4.32 percent to end at 351.92 points.

A northward start was followed by a steep decline, led by the old stock of National Bank, which on its last day of trading posted a 13.46 percent drop.

Eurobank was the only blue chip to go up, adding a sizable 4.78 percent.

In total 43 stocks gained, 114 suffered losses and 26 remained unchanged.

Turnover came to 132.9 million euros.