Stocks decline, led by CCHBC, National Bank
Greek stocks fell for the second day in a row, led by the Coca-Cola Hellenic Bottling Company (CCHBC) and a number of banks. The Athens Exchange (ATHEX) benchmark index lost 2.8 percent, to 4,362.79 points, as 47 of its constituent shares dropped, 10 gained and three were unchanged. The measure fell 16 percent this month. The FTSE/ATHEX 20 index of the country’s largest companies declined 3 percent to 2,295 points. CCHBC sank 5 percent to -28. National Bank, the country’s biggest, declined 2.5 percent to -40.20. Hellenic Technodomiki slumped 6 percent, Mytilineos dropped 4.7 percent, Marfin Popular Bank fell 4.6 percent, Piraeus Bank lost 4.5 percent and Alpha Bank ended 4.4 percent lower. Eurobank Properties Real Estate Investment Company gained 4.5 percent after reporting higher profit for last year. Piraeus Real Estate Investment Trust added 1.6 percent. Intralot slid 3 percent, to -11.16, as 1.35 million new shares of the world’s second-largest gaming-services provider, resulting from a stock option plan, began trading on the Athens bourse. Turnover totaled -403.5 million, of which -83.3 million was accounted for by National Bank. (Kathimerini, Bloomberg)
