ECONOMY

Greek stocks head south on cash flow fears

The Greek stock market fell for a third day in a row on Friday as concerns about the state’s cash flow rose due to statements by ministers.

The Athens Exchange (ATHEX) general index closed at 880.48 points, shedding 2.67 percent from Thursday’s 904.59 points. On a weekly basis the benchmark added 3.08 percent, but February posted a 21.96 percent rise.

The large-cap FTSE/ATHEX 25 index contracted 3.41 percent to end at 258.52 points.

Once again banks suffered the biggest losses, as Eurobank slid 9.87 percent, Piraeus shrank 8.39 percent and National gave up 8.22 percent, while Terna Energy added 2.85 percent.

In total 34 stocks went up, 86 fell and 13 stayed put.

Turnover amounted to 101.5 million euros, down from Thursday’s 113.7 million.