ECONOMY

Early gains wiped out on bourse

The local stock market registered losses for the fourth day in succession yesterday, as it was unable to sustain the correction at the start of the session which saw the main index climb by up to 1.12 percent. The Athens Exchange (ATHEX) general index closed at 1,460.46 points, declining by 0.57 percent from Thursday’s close at 1,468.86 points. The blue chip FTSE/ATHEX 20 index fell 0.56 percent to end at 688.18 points. However, the small-cap index rose by 0.68 percent. On a weekly basis, the main index lost 5.35 percent of its value. The negative mood across European bourses seemed to take its toll on the domestic one as well. The only blue chips to post rises yesterday were Titan cement (up 3.95 percent), Hellenic Petroleum (0.86 percent) and OPAP (0.85 percent). The biggest losses were for Public Power Corporation (down 4.35 percent), Jumbo (3.95 percent), ATEbank (1.94 percent), Hellenic Technodomiki (1.64 percent) and National Bank (1.51 percent). Decliners marginally outnumbered gainers (74 against 73), while 53 sotcks remained unchanged. Turnover came to just 79.4 million euros, down from 85.7 million on Thursday.