ECONOMY

Banks lead in stock correction

Stocks on the local market posted their first significant correction after two consecutive weeks of gains, in line with the negative mood seen across Europe yesterday. The Athens Exchange (ATHEX) general index dropped to 2,136.46 points yesterday, falling by 3.07 percent from Tuesday’s close. The blue chip FTSE/ATHEX 20 index shrank by 3.76 percent to close at 1,093.86 points as banks suffered the biggest pressure. Most blue chips registered losses, led by ATEbank (down 8.84 percent), Mytilineos (8.24 percent), EFG Eurobank (8.03 percent), Alpha Bank (7.23 percent) and National Bank (6.83 percent). The biggest gains were for the blue chips of Hellenic Petroleum (up 6.08 percent) and Motor Oil (2.17 percent). Turnover reached 307.2 million euros.