ECONOMY

Stocks slump to below 1,900 pts

Stocks fell 2.78 percent yesterday in keeping with widespread losses abroad, as European bourses retreated at further signs of a sharp slowdown in the global economy. The Athens Exchange’s benchmark general index ended at 1,860.27 points, the lowest point for the session. National Bank, the country’s largest lender, tumbled 5.54 percent to 13.98 euros, while Bank of Cyprus gave up 5.81 percent to 2.92 euros. Hellenic Postbank fell 3.7 percent, to 5.22 euros. The state-controlled lender said nine-month net income dropped to 400,000 euros from 73.8 million euros a year earlier. Turnover reached 90.5 million euros versus 160 million euros in the previous session. In late trade, London’s FTSE, Germany’s DAX and France’s CAC were all between 4.8 and 6.2 percent in the red.