Index drops again, flirts with 2,000 pts

Shares fell more than 1 percent yesterday, as investor sentiment was dampened by news that some Greek blue chips had been excluded from European FTSE indices after an index re-jig last week, traders said. The benchmark general share index fell 1.05 percent to 2,026.07 points, a second day of losses this week. «People expect a flight of funds because of the FTSE rebalancing. As limited as that may be, it will show, and add to a negative market psychology» said an analyst who declined to be named. According to a FTSE announcement, Intracom, Motor Oil, Viohalco, Agricultural Bank, Hellenic Industrial Bank, Hellenic Technodomiki and Aluminium of Greece would be left out of the FTSE Euromid index from Monday September 22. Turnover rose to 135.09 million euros, with total volume at 34.8 million. Decliners outnumbered advancers 292 to 39, with 28 unchanged against 359 traded. (Reuters)

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