ECONOMY

Uncertainty weighs on Greek market trade

Investors are keeping their cards close to their chests before the formation of the next government, as despite the near certainty emanating from opinion polls that opposition SYRIZA will win the top spot in Sunday’s elections, the likelihood that it will not secure an overall majority in Parliament will complicate matters for the next few weeks. Turnover dropped below 50 million euros on Tuesday, while stocks presented a mixed picture.

The Athens Exchange (ATHEX) general index closed at 802.12 points, shedding 1.19 percent from Monday’s 811.78 points. The large-cap FTSE/ATHEX 25 index contracted 1.50 percent to end at 253.89 points, while mid-caps expanded 1.27 percent.

Eurobank stood out among blue chips with 3.68 percent growth, followed by Metka, which added 2.22 percent. Marfin Investment Group fell 6.28 percent, following its 17 percent rise on Monday, and Coca-Cola HBC declined 4.39 percent.

In total 59 stocks registered gains, 53 sustained losses and 16 remained unchanged.

Turnover remained below 100 million for a ninth session in a row, amounting to 47 million euros, down from Monday’s 53.3 million.