Stock slide continues but curtailed
Statements from Brussels regarding continued support to Greece allayed investor fears on Thursday, averting a third consecutive day of hair-raising losses, but the unfavorable European climate – with most markets suffering due to concerns about growth and Ebola – kept the local index firmly in the red for another day. Ten-year bond yields soared to 8.93 percent.
The Athens Exchange (ATHEX) general index ended at 869.16 points, shedding 2.22 percent from Wednesday’s closing of 888.93 points. The large-cap FTSE/ATHEX 25 index fell 2.43 percent, ending at 282.58 points.
Some blue chips did post gains on Thursday, led by Intralot (up 4.39 percent).
OPAP went down 6.76 percent and Motor Oil fell 6.75 percent.
In total 51 stocks expanded, 76 declined and 20 stayed put.
Turnover reached 223.6 million euros, down from Wednesday’s 256.3 million.
