ECONOMY

Volatile week ends with dip

Greek stocks fell more than 2 percent yesterday on news that the economy is in a deeper recession than first thought. The Athens bourse’s benchmark general index fell 2.11 percent to 1,899.42 points, ending with weekly gains of 1.09 percent. Banks sustained heavy losses, shedding 5 percent. National Bank slumped 6.23 percent to 13.55 euros and Eurobank tumbled 6.62 percent to 5.50 euros. The blue chip FTSE/ATHEX 20 index retreated 3.23 percent to 937.03 points. Betting company OPAP and Coca-Cola Hellenic both bucked the trend, rising 1.34 percent (15.13 euros) and 0.30 percent (16.97 euros) respectively. Turnover reached 202 million euros. The Athens stock and derivatives markets will be closed on Monday due to a public holiday.