ECONOMY

Local stocks slide after early gains

local-stocks-slide-after-early-gains

The Greek stock market, not for the first time, failed to follow Europe’s strong performance and ended slightly lower in an especially weak session turnover-wise.

The general index closed at 632.56 points, a drop of 0.11%, after rising by as much as 0.89% during the session.

Turnover was €20.22 million on volume of 11,989,061 shares.

Of the 116 traded shares, 39 ended with gains, 53 with losses and 24 with no change.

Blue chips fell 0.20% and mid-caps 0.33%.

Among the blue chips, the biggest gains were recorded by Athens water company EYDAP (4.68%), bottler Coca-Cola HBC (2.62%), Motor Oil (1.32%) and OTE Telecom (0.44%). The biggest losers were power distributor ADMIE (4.30%), Aegean Airlines (2.34%), construction group GEK Terna (2.00%), Alpha Bank (1.67%) and National (1.66%).

Among the sectoral indices, Foods & Beverages and Telecoms fared best, rising 2.60% and 0.42%, respectively, while raw materials and travel and leisure, were the leading losers (1.20% and 1.18%, respectively).

​​​​​​The most heavily traded stocks were Eurobank (3,609,245 shares) and Alpha Bank (1,987,773).