ECONOMY

Stocks post fresh losses in thin trade

Greek stocks headed south for a second straight day on Wednesday, albeit at a milder pace, after a streak of nine winning sessions earlier this month.

The Athens Exchange general index shed 0.35 percent, closing at 957.68 points in thin trade on the eve of the religious holiday.

Blue chips came under strong pressure early in the session but partly recovered before the close. National Bank shed 2.26 percent, sliding to 3.03 euros, but Piraeus Bank surged 3.77 percent to 1.10 euros and Alpha Bank climbed 3.55 percent to 0.52 euros. OTE telecom slid further, giving up 1.09 percent to end at 7.26 percent but OPAP rose 1.60 percent to 7.62 euros. Coca-Cola HBC fell 0.88 percent, but Intralot, an OPAP supplier, added 2.91 percent after the latter’s sale earlier in the week. Public Power (PPC) was down 1.50 percent, as supply problems continued on Santorini.

Turnover dropped to 34.73 million euros while decliners beat advancers 59 to 57.