ECONOMY

Mid-caps lead index lower

Greek stocks gave up 1.84 percent yesterday, falling for a third straight session, as mid-caps underperformed. The Athens Exchange’s benchmark general index ended at 1,741.57 points, missing a late afternoon upturn on European bourses. World markets looked forward to the likelihood that the US Federal Reserve will reduce borrowing costs to their lowest level ever, said analysts. The blue chip FTSE/ATHEX 20 index lost 1.64 percent. Property developer Babis Vovos tumbled 29.87 percent to 6.34 euros, bringing losses in the last two sessions to some 60 percent. Pharmaceutical company Alapis also took heavy losses, falling 23.08 percent to 0.60 euros. The mid-cap FTSE/ATHEX 40 index fell 5.49 percent. Turnover reached 214.3 million euros versus 93 million in the previous session.