ECONOMY

Euro exit reports fan concerns among traders

The return of the prospect of a Greek exit from the eurozone according to foreign reports and the continuing fragmentation of the local political landscape led to a mini sell-off on Monday, with a relatively increased trading volume.

The Athens Exchange (ATHEX) general index closed at 789.20 points, shedding 5.63 percent from Friday’s 836.24 points. The large-cap FTSE/ATHEX 25 index contracted 5.70 percent to end at 252.70 points, though small-caps dropped no more than 0.23 percent.

Volatile blue chip Marfin Investment Group suffered the biggest loss as it gave up 11.52 percent, followed by EYDAP (down 9.81 percent), Folli Follie (8.79 percent) and Public Power Corporation (8.65 percent). Grivalia Properties was the exception among blue chips, posting growth that amounted to 1.33 percent.

In total 22 stocks reported gains, 93 sustained losses and 14 remained unchanged.

Turnover amounted to 60.6 million euros, against last Friday’s 29.3 million.