PM’s promises fail to inspire

Investor skepticism about the measures announced on Monday by the prime minister and the rather negative picture of international markets inflicted fresh losses on Greek stocks yesterday, with losers outnumbering gainers by over two to one. The Athens Exchange (ATHEX) general index closed at 2,169.68 points yesterday, falling by 2.12 percent from Monday’s close at 2,216.94 points. The blue chip FTSE/ATHEX 20 index contracted by 2.61 percent to end at 1,106.87 points. National Bank led losers with a drop of 4.87 percent, ahead of Piraeus Bank (down 4.83 percent) and EFG Eurobank (4.76 percent). Only Hellaktor posted gains among blue chips, rising by 2 percent. Turnover amounted to 237.5 million euros, up from 198 million euros on Monday.

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