International concerns rattle local bourse

Unimpressed by the political euphoria over the arrest of leading figures in the Golden Dawn party but ruffled by the political crisis in neighboring Italy, the local bourse suffered significant losses during Monday’s session, which saw the benchmark dip uncomfortable close to the 1,000-point level.

The Athens Exchange (ATHEX) general index closed at 1,014.06 points, sliding 1.64 percent from Friday’s 1,030.95 points. September showed monthly gains of 12.77 percent, becoming the third consecutive month of growth.

The large-cap FTSE/ATHEX 25 gave up 1.36 percent on Monday to end at 343.39 points.

The Greek market was in line with most of its international peers, which suffered losses not only on the Italian political crisis but also on the delay in the formation of the new German government and disagreements in Washington over the 2014 budget.

Not a single ATHEX blue chip recorded gains, with the losers led by Intralot (down 5.75 percent), Marfin Investment Group (5.51 percent) and OTE telecom (4.94 percent).

National Bank, METKA and Motor Oil closed unchanged.

In total 20 stocks headed north, 90 registered losses and 26 remained unchanged.

Turnover came to 56 million euros, down from Friday’s 62.6 million.

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