Further losses for local stocks

Stocks posted fresh losses yesterday, as the favorable climate internationally failed to displace the negative mood that has prevailed on the local market in recent weeks. The Athens Exchange (ATHEX) general index closed at 2,118.60 points, declining by 2.30 percent from last Friday’s close at 2,168.43 points. The blue chip FTSE/ATHEX 20 index dropped 2.21 percent to end at 1,082.62 points. Most blue chips headed south, led by betting and lottery company OPAP, which declined by 6.20 percent to its lowest point of the last 68 months. Other losers were Public Power Corporation (down 4.16 percent), Marfin Popular Bank (3.91 percent) and EFG Eurobank (3.54 percent). ATEbank gained 1.59 percent and Alpha Bank rose by 0.62 percent. Turnover came to just 113.9 million euros, against an average 226 million per day last week.

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