ECONOMY

Bourse index twice dips beneath 1,000 points

Chalking up a fifth straight week of losses on Friday, the Greek benchmark slid below the 1,000-point level on more than one occasion before the end the session. It twice fell to 998 points but both times immediately bounced back up, finally closing at just under 1,005 points.

The Athens Exchange (ATHEX) general index ended at 1,004.88 points, shedding 1.97 percent from Thursday’s closing of 1,025.05 points. Week-on-week it gave up 4.27 percent. The large-cap FTSE/ATHEX 25 index contracted 2.13 percent, ending at 326.86 points.

Thursday’s rebound proved short-lived, as the market was awaiting the result of last night’s parliamentary vote and also has its sights set on the October 28 announcement of the stress test results. The International Monetary Fund’s insistence that Greece should continue to be monitored also played a part in yesterday’s decline.

EYDAP was the only blue chip to head north, adding 5.76 percent, while Alpha Bank fell 4.19 percent and Motor Oil lost 3.68 percent.

In total 40 stocks went up, 80 came down and 18 stayed put.

Turnover amounted to 133.7 million euros, up from Thursday’s 104 million.