ECONOMY

Volatile day ends in losses

The market’s anticipation of bad news about ATEbank’s stress test yesterday caused a session of high volatility on the Greek bourse that ended with losses for most stocks. The Athens Exchange (ATHEX) general index closed at 1,590.50 points, declining by 1.36 percent from Thursday’s close at 1,612.59 points. Stocks ended the week with losses of 1.39 percent compared with the previous Friday. The blue chip FTSE/ATHEX 20 index contracted by 1.56 percent to end at 777.35 points. Eurobank was the only major bank to buck the trend yesterday, posting 4.01 percent growth. A distant second among blue chips was Viohalco (up 1.22 percent) and Motor Oil (0.51 percent). ATEbank led the losers among blue chips with a 5.66 percent decline, followed by OTE telecom (down 3.87 percent), Alpha Bank (3.83 percent) and Titan Cement (3.51 percent). Overall, 79 stocks moved up, led by Texapret with an 11.11 percent rise, 96 stocks went down, with Druckfarben dropping 19.64 percent, and 45 remained unchanged. Turnover came to 101 million euros, down from Thursday’s 103.2 million.