ECONOMY

Benchmark drops after statements in Germany

Following a morning decline in line with most other European bourses, the Greek market continued to head south on Tuesday as it became clear that Prime Minister Antonis Samaras and Chancellor Angela Merkel were not going to announce any far-reaching statements after their meeting in Berlin. As a result, the benchmark fell to its lowest point of the last 25 sessions.

The Athens Exchange (ATHEX) general index ended at 1,103.70 points, shedding 2.59 percent from Monday’s 1,133.06 points. The large-cap FTSE/ATHEX 25 index contracted 2.69 percent to close at 357.50 points.

All blue chips took losses, led by Mytilineos (down 4.79 percent), Public Power Corporation (3.95 percent), Ellaktor (3.94 percent) and Marfin Investment Group (3.69 percent).

In total 40 stocks reported gains, 89 went down and 17 remained unchanged.

Turnover came to 87.7 million euros, down from Monday’s 90.6 million.