Bank slide drags equities lower

The Athens bourse lost more than 3 percent yesterday with banks falling to seven-year lows despite modest gains on major European peers. The Athens Exchange’s benchmark general index fell 3.26 percent to 1,548.99 points. Banks shed 5.23 percent. National Bank fell 5.85 percent to 9.98 euros, bringing its market value to 4.8 billion euros. Alpha Bank tumbled 6.97 percent to 4.54 euros and Eurobank retreated 5.48 percent to 4.14 euros. European stock markets were mixed in late trade yesterday after remaining in positive territory for most of the day. London’s FTSE 100 index was off 0.04 percent, the CAC 40 index in Paris was moving 0.52 percent lower and Frankfurt’s DAX was 0.40 percent higher. Turnover in Athens reached 91.6 million euros versus 110 million euros in the previous session.

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