ECONOMY

Index falls below 4,200 pts again in thin trade

The Athens Exchange (ATHEX) benchmark index fell 6.86 points, or 0.2 percent, to 4,199.04, the lowest this month. The FTSE/ATHEX 20 index of the country’s biggest companies lost 0.3 percent to 2,217.28 points. Banks fell 0.4 percent. Alapis fell 6.7 percent to 1.96 euros, the biggest slide since March last year. Chairman Lavrentis Lavrentiadis reduced his stake in the veterinary drugs and agricultural products manufacturer, according to a bourse filing yesterday after stock trading closed. Lavrentiadis cut his holding to 15 percent from 29 percent, selling 137.4 million shares for 261 million euros, or about 1.90 euros apiece, according to Bloomberg calculations. Separately, the company said that it is part of a group with Hutchison Port Holdings and Hutchison Port Investments that bid on Friday to take over container operations at the Piraeus Port Authority (OLP). Bids were due to be opened late yesterday. OLP gained 3 percent to 24.94 euros, the highest since February 14. Titan Cement advanced the most in more than three months, adding 5.3 percent to 30 euros. Greece’s largest cement maker said a US court overruled a ban imposed on Titan mining in the Miami Lake Belt. Turnover totaled 262.16 million euros. (Bloomberg, Kathimerini)