Investors cash in on stock gains

Investors chose to cash in on the stock gains of the last few days, sending prices lower on yesterday’s session amid a general decline in European markets. The Athens Exchange (ATHEX) general index dropped to 2,286.15 points yesterday, losing 2.47 percent from Monday’s closing. The blue chip FTSE/ATHEX 20 index contracted by 2.71 percent to end at 1,177.79 points. Small-caps fared slightly better, as their FTSE/ATHEX 80 index slid by just 1.95 percent. All blue chips headed south, led by Titan cement (down 5.73 percent), Public Power Corporation (5.32 percent), Piraeus Bank (4.71 percent), Marfin Popular Bank (4.68 percent) and Mytilineos (4.52 percent). Turnover reached 148 million euros, an improvement over Monday’s 137 million.