ECONOMY

Blue chips post losses in a negative climate

Stocks suffered from significant pressure yesterday as a result of the negative climate on international markets and the massive rise in oil prices. The Athens Exchange (ATHEX) general index closed at 5,133.33 points yesterday from 5,207.44 points on Wednesday, a loss of 1.42 percent. The blue chip FTSE/ATHEX 20 index fell by 1.75 percent, reaching 2,714.32 points. The mid-cap FTSE/ATHEX 40 index declined by 1.78 percent, while the small-cap FTSE/ATHEX 80 index posted a marginal drop of 0.07 percent. The FTSE/ATHEX International was down 1.75 percent to 7,202.39 points. Bucking the trend were the stocks of the two port authorities of Piraeus and Thessaloniki and of Thessaloniki’s water authority EYATH. They recorded respective rises of 7.30 percent, 9.30 percent and 2.43 percent. Among blue chips, Titan had the greatest gains (up 2.73 percent), ahead of Mytilineos (1.74 percent), ATEBank (1.55 percent) and Coca-Cola HBC (1.13 percent). Decliners were led by Alpha Bank (down 4.22 percent), Marfin Investment Group (4.14 percent), Piraeus Bank (3.12 percent) and Bank of Cyprus (2.69 percent). Turnover reached 360.96 million, of which 65.37 million concerned block trades. The Cypriot General Index declined by 2.66 percent to 4,751.01 points.