Stocks continue heading down

The Athens Exchange (ATHEX) benchmark general index yesterday fell 42.84, or 1.2 percent, to 3,482.01 points, the lowest in two years and the longest losing streak since 1992. The FTSE/ATHEX 20 index of the country’s biggest companies dropped 1 percent to 1,856.99 points. Public Power Corporation rose for the first day in three, gaining 44 cents, or 2.2 percent, to -20.22. Yesterday was the last day shareholders in Greece’s biggest power company were entitled to a dividend of 10 cents a share on 2007 earnings. Sarantis fell 52 cents, or 4.3 percent, to -11.48. The Greek maker and distributor of cosmetics and household goods said it will freeze prices for some of its items until the end of the year. Turnover rose to -411.4 million from -260 million in the previous session. (Bloomberg, Kathimerini)