ECONOMY

Index slips further toward 2,000 points

Equities slipped slightly as the market waited in vain for news that could justify an upswing from the psychological support level of 2,000 points, traders said. The benchmark general share index closed 0.86 percent down at 2,021.94 points. An analyst who did not want to be identified said there was little liquidity in the market as reflected in the session’s low turnover. «There’s no catalyst, either on the corporate front or on the macroeconomic side, driving investors to enter the market,» said the analyst, adding that this had induced some investors to expect a further downward correction. Dealers said there was increased interest in the banking sector after Bank of Attica said its main shareholder would soon approve a bid for a 34 percent stake in state-controlled Postal Savings Bank. Turnover fell to 98.82 million euros, with 21.8 million shares changing hands. Advancers trailed decliners 50 to 292, with 22 unchanged against 364 traded. (Reuters)