ECONOMY

Greek stocks post weekly losses of 3 percent

Hopes of the Greek benchmark extending its four-week rising streak were crushed on Friday as the session’s stock decline sealed a week of losses that came to 2.99 percent for the main index, while daily turnover averaged 21 percent below last week’s.

The Athens Exchange (ATHEX) general index ended at 1,161.28 points, shedding 0.46 percent from Thursday’s 1,166.60 points.

The large-cap FTSE/ATHEX 25 index contracted by 0.44 percent to close at 376.75 points.

Most blue chips headed south, led by Jumbo (down 2.97 percent), Public Power Corporation and National Bank (both 1.92 percent).

Intralot enjoyed a 1.12 percent rise, while Metka expanded 0.98 percent and Motor Oil added 0.96 percent.

In total 52 stocks posted gains, 65 took losses and 18 remained unchanged.

Turnover amounted to 58.7 million euros, down from Thursday’s 62.3 million.