ECONOMY

Local stocks and turnover head south

The reversal of the Greek bourse’s benchmark index coincided with the release from custody of leading Golden Dawn officials on Wednesday, as local news regarding the arrested members of the far-right party eclipsed that of the end of the government crisis in Italy.

The Athens Exchange (ATHEX) general index closed at 1,011.67 points, dropping 0.99 percent from Tuesday’s 1,021.80 points. The large-cap FTSE/ATHEX 25 contracted by 1.51 percent to end at 340.67 points, although the mid-cap index expanded by 0.78 percent.

Despite the downbeat mood that prevailed in the latter half of the session, the OPAP gaming company recorded its highest closing figure of the last 25 months after news of the successful bond issue by its strategic investor Emma Delta came through. OPAP added 0.72 percent on Wednesday.

Intralot outperformed among the blue chips, adding 2.42 percent, followed by Hellenic Exchanges (up 1.75 percent). Worst off were Coca-Cola HBC (down 3.96 percent) and Ellaktor (3.63 percent).

In total 52 stocks registered gains, 61 recorded losses and 25 remained unchanged.

Turnover declined to the lowest level of the last 13 sessions, 42.2 million euros, down from Tuesday’s 49 million.