ECONOMY

Week ends with losses of 3.38 pct

The benchmark for Greek stocks completed its fourth consecutive week of losses on Friday, giving up 3.38 percent from the previous Friday. However, things could have been worse as it narrowly avoided posting a new year-low by bouncing back from below 1,040 points.

The Athens Exchange (ATHEX) general index eventually ended at 1,049.73 points, shedding 0.84 percent from Thursday’s closing of 1,058.65 points. The large-cap FTSE/ATHEX 25 index contracted 0.85 percent, closing at 341.77 points.

OTE telecom and Intralot outperformed, rising 2.46 percent and 2 percent respectively, while Piraeus Bank was the worst off, giving up 6.52 percent. There were also significant losses for Metka (down 3.03 percent) and Eurobank Properties (2.23 percent).

In total 49 stocks posted gains, 67 suffered losses and 24 finished unchanged.

Turnover amounted to 109.1 million euros, down from Thursday’s 135.4 million.