ECONOMY

Shares decline 0.58 percent in thin trade

Shares skirted close to the 2,000-point level yesterday in a session marked by thin volume and with investors looking for market-moving news to provide direction. «The market see-sawed up and down today, trying to find its equilibrium. Investors are in a wait-and-see mode for positive news,» said analyst Elias Lazaris at Artion Securities. The benchmark general index shed 0.58 percent to 2,082.78 points, with weekly losses of 2.9 percent, putting it out of synch with the major European bourses which surged ahead on hopes an economic pick-up will translate into stronger profits. Hellenic Exchanges, the holding company that owns the Athens stock and derivatives bourses, slid 3.17 percent to 4.88 euros. The subscription period for a share offering ended today. Turnover fell to 113.49 million euros, with 28.7 million shares changing hands. Decliners outnumbered advancers 251 to 73, with 35 unchanged against 359 traded. (Reuters)