ECONOMY

ATHEX: Stock market sheds 7.3 bln euros in three days

The sell-off at the Greek bourse continued on Tuesday as investors keep heading for the exit from a market teetering on the verge of a country default. The benchmark flirted with a 33-month low, while trading volume was the highest of the last seven sessions.

The Athens Exchange (ATHEX) ended up at 703.05 points, shedding 4.77 percent from Monday’s 738.25 points. The large-cap FTSE/ATHEX 25 index contracted 5.04 percent to close at 210.12 points.

The bourse’s capitalization has lost about 7.3 billion euros in just three sessions, while the general index has fallen 14.59 percent and the banks index has contracted 26.02 percent.

Banks led the drop once again as National lost 10.91 percent, Piraeus dropped 9.97 percent and Alpha gave up 9.54 percent. Just three blue chips headed north as Viohalco added 2.19 percent, Grivalia Properties advanced 0.83 percent and Coca-Cola HBC edged up 0.20 percent.

In total 26 stocks registered gains, 77 suffered losses and 11 remained unchanged.

Turnover amounted to 106.4 million euros, up from Monday’s 97.7 million.