ECONOMY

Stocks dip but hold 1,500 pts

Greek stocks fell for a third straight session yesterday on further losses in betting company OPAP but held the 1,500-point support level. The Athens bourse’s benchmark general index ended 0.54 percent lower at 1,514.85 points after dipping to as low as 1,506 points during mid-session trade. The blue chip FTSE/ATHEX 20 index shed 0.63 percent to 722.32 points. Blue chip OPAP followed up its 8 percent slide on Wednesday, falling 3.42 percent to 11.30 euros. OTE telecom eased 0.17 percent to 5.88 euros and power company PPC closed at 12.72 euros, off 0.55 percent. Banks retreated 0.77 percent. National Bank lost 1 percent to close at 9.95 euros and Eurobank dropped 1.67 percent to 4.11 euros. Piraeus Bank shed 1.28 percent to end at 3.86 euros. Among the winners was Fourlis Holdings, the Greek franchisee for furniture maker IKEA, rising 6.18 percent to 7.04 euros. Coca-Cola Hellenic added 0.62 percent to 17.80 euros and toy retailer Jumbo rose 2.64 percent to close at 5.45 euros. Turnover eased to 73.8 million euros versus 81 million in the previous session.