ECONOMY

Stocks fall but hold 2,300 pts

Across-the-board selling dragged Greek stocks 1.36 percent lower yesterday as concerns about low consumer spending delaying economic recovery in the US fueled selling pressure in equity markets worldwide. The Athens bourse’s benchmark general index held the 2,300-point support level, ending at 2,309.63 points. Greek stocks outperformed losses on major European markets which ranged between 1.7 and 2.3 percent late yesterday. Banks tumbled 3 percent, with National and Alpha retreating 3.53 percent and 2.70 percent respectively. The blue chip FTSE/ATHEX 20 index dropped 1.77 percent to 1,203.06 points. Coca-Cola Hellenic added 3.67 percent to 15.55 euros and PPC advanced 0.74 percent to 14.97 euros. Turnover reached 108.3 million euros versus 184 million in the previous session.