ECONOMY

Minor decline for stocks after 6 days of gains

The six-day rising streak came to an end for most Greek stocks on Wednesday, with the main index again edging close to 1,000 points, before settling for a small correction at the end of the session, on a day with a considerably reduced turnover.

The Athens Exchange (ATHEX) general index closed at 988.85 points, declining by 0.40 percent from Tuesday’s 992.83 points. The FTSE/ATHEX 25 index contracted by 0.26 percent to end at 339.03 points. Still, small-caps continued their advance, adding 0.15 percent.

Some observers link the recent rally of local stocks with the roadshow that took place earlier this month in London and apparently resulted in certain foreign investors expressing interest in a select few blue chips.

EYDAP bounced back from Tuesday’s drop to post the biggest rise among blue chips, amounting to 5.38 percent. Folli Follie added 2.43 percent.

On the losing side, National Bank gave up 4.49 percent and Viohalco declined by 2.45 percent.

In total 56 stocks recorded gains, 70 registered losses and 18 remained unchanged.

Turnover amounted to 56.1 million euros, down from Tuesday’s 136.3 million.