Stocks fall amid new correction

The decline seen on most global markets on Monday was imported to Greece yesterday, due to a holiday here the day before. Stocks took a tumble, though this was seen by some as an essential correction to the recent rise. The Athens Exchange (ATHEX) general index declined to 2,319.69 points yesterday, dropping 2.22 percent from last Friday’s closure. The blue chip FTSE/ATHEX 20 index fell by 2.50 percent to end up at 1,182.37 points. All but two blue chips headed southward yesterday. They were led by Viohalco (down 6.17 percent), Public Power Corporation (5.36 percent), Bank of Cyprus (4.72 percent) and Intralot (4.23 percent). Bucking the trend were the stocks of Titan cement (up 0.95 percent) and Hellenic Petroleum (0.82 percent). Turnover reached 224.7 million euros.