Bank stocks fall under pressure

The Greek bourse posted significant losses yesterday, in line with the declining trend across European markets which followed Tuesday’s drop in New York. Bank stocks suffered the greatest losses. The Athens Exchange (ATHEX) general index fell to 2,163.22 points yesterday, declining by 1.80 percent from Tuesday’s close. The blue chip FTSE/ATHEX 20 index shrank by 1.97 percent to end at 1,091.51 points. All but two blue chips headed southward, led by Marfin Investment Group (down 5.57 percent), Viohalco (4.55 percent), Alpha Bank (3.69 percent) and EFG Eurobank (3.05 percent). Bucking the downward trend were OPAP (up 2.41 percent) and Public Power Corporation (1.91 percent). Turnover continued to shrink, falling to 81.9 million euros yesterday from 89 million euros in Tuesday’s session.