ECONOMY

Profit taking ends 9-day rising streak on Athens bourse

Profit taking gained the upper hand on the Greek bourse on Tuesday, ending a winning streak of nine straight sessions.

The Athens Exchange (ATHEX) general index shed 1.66 percent, closing at 961.01 points. Positive statements by officials on water privatization sent the Athens Water & Sewerage Co (EYDAP) up 2.07 percent.

Betting company OPAP was 0.13 percent higher after the signing of its privatization on Monday, and Eurobank was up 0.44 percent. By contrast, heavyweight banks and OTE telecom sent the large-cap index 1.86 percent lower.

Piraeus Bank plunged 4.50 percent to 1.06 euros, National Bank dropped 4.02 percent, closing at 3.10 euros, and OTE telecom gave up 2 percent to close at 7.34 euros. Hellenic Exchanges was down 3.88 percent, Titan 3.46 percent and Coca-Cola HBC 2.48 percent.

Turnover fell to 50.99 million euros while decliners beat advancers 66 to 59.