ECONOMY

Benchmark concedes more ground

Investors appeared indifferent to the start of negotiations between Athens and its creditors’ technical experts on Thursday, as the stock market slipped lower, mainly due to the drop in mid-caps.

The Athens Exchange (ATHEX) general index closed at 794.07 points, shedding 0.41 percent from Wednesday’s 797.30 points. The large-cap FTSE/ATHEX 25 index contracted 0.21 percent to end at 233.91 points, but mid-caps slumped 1.89 percent.

Banks added 0.23 percent on the European Central Bank’s extension of emergency liquidity assistance, with Alpha rising 2.30 percent and National up 1.80 percent while Eurobank lost 2.80 percent. Piraeus Port Authority slid 3.50 percent and the EYDAP water company gave up 3.39 percent.

In total 48 stocks enjoyed gains, 64 reported losses and 23 remained unchanged.

Turnover amounted to 69.5 million euros, just above Wednesday’s 69.2 million.