ECONOMY

Local stocks head lower after holiday weekend

The first bourse session in Greece after the long weekend saw local investors buck the trend set by international markets on Tuesday and send the benchmark index south, although some losses were recouped during the last half-hour of trading.

The Athens Exchange (ATHEX) general index closed at 1,143.77 points, shedding 2.06 percent from Friday’s 1,190.52 points. At midsession it had even dropped by 3.93 percent. The large-cap FTSE/ATHEX 25 contracted by 2.10 percent to end at 387.48 points.

The only blue chips to head higher were Viohalco (up 2.71 percent) and Piraeus Port Authority (1.95 percent). National Bank was the worst off (down 5.95 percent), with OPAP falling 5.42 percent and Motor Oil giving up 5.23 percent.

In total, 42 stocks showed gains, 94 posted losses and 29 stayed put.

Turnover amounted to 97.1 million euros, up from last Friday’s 88.6 million.