ECONOMY

Battered bourse benchmark slips further

Sellers had the final word during the last session of the bourse’s worst week of the year, as signs in the morning that the benchmark could recover some of the ground lost in previous days came to nothing, with the majority of stocks suffering fresh losses, albeit small in most cases.

The Athens Exchange (ATHEX) general index closed at 824.49 points, dropping 0.42 percent from Thursday’s 827.98 points. On a weekly basis it gave up 20.18 percent. The large-cap FTSE/ATHEX 25 index contracted 0.22 percent to end at 265.75 points, but mid-caps expanded 0.91 percent. The banks index also rose, but only by 0.06 percent.

The market will be desperate for some news toward political stability at the start of next week, otherwise all eyes will be on the number of votes presidential candidate Stavros Dimas will garner in the first vote in Parliament on Wednesday.

OTE (up 2.99 percent), OPAP (2.68 percent) and Jumbo (2.35 percent) were the day’s top climbers among large-caps, while the biggest decline was reserved for Grivalia Properties (down 7.02 percent).

In total 54 stocks reported gains, 64 recorded losses and 13 stayed put.

Turnover amounted to 140.2 million euros, down from Thursday’s 175.5 million.