ECONOMY

Pessimism prevails on Athens stock market

Turnover rose above 100 million euros as Greek stocks gave up more ground on Thursday, with the fact that investor interest in the local stock market is only piqued when it’s time to sell becoming increasingly clear. Traders harbored little hope for progress in the premier’s talks in Brussels.

The Athens Exchange (ATHEX) general index closed at 723.66 points, shedding 1.94 percent from Wednesday’s 737.96 points.

The large-cap FTSE/ATHEX 25 index contracted 1.92 percent to end at 214.29 points.

The banks index dropped to a new 29-year low after its daily loss of 2.45 percent, while Ellaktor fell 8.57 percent and Viohalco declined 8.07 percent.

Coca-Cola HBC added 1.25 percent.

In total 42 stocks headed north, 77 moved south and 14 stayed put.

Turnover amounted to 116.1 million euros, up from Wednesday’s 95.4 million.