ECONOMY

Swiss move adds pressure to Greek bourse

Traders rushing to exit the Greek bourse at the end of Thursday’s session led to the benchmark closing on the day’s low, as investor jitters rose on the scrapping of the euro cap on the Swiss franc along with uncertainty regarding the formation of the next Greek government.

The Athens Exchange (ATHEX) general index closed at 805 points, shedding 1.78 percent from Wednesday’s 819.55 points. The large-cap FTSE/ATHEX 25 index contracted 2.13 percent to end at 258.29 points. Once again small-caps moved autonomously, registering 0.77 percent growth.

Banks had a particularly bad day, sliding 3.93 percent, as Eurobank gave up 9.05 percent and National dropped 4.03 percent. EYDAP fell 6.96, while Viohalco added 2.11 percent and Titan Cement expanded 1.42 percent.

In total 48 stocks posted gains, 60 took losses and 20 were left unchanged.

Turnover amounted to 77.7 million euros, up from Wednesday’s 75.5 million.