Stocks fall 2 pct, below 1,500 pts

Greek stocks fell more than 2 percent yesterday, dropping below the 1,500-point mark on bank-led losses. The Athens bourse’s benchmark general index gave up 2.09 percent to end at 1,492.36 points, despite getting off to a positive start in early trade. Major European bourses posted gains of between 1.3-1.7 percent. The blue chip FTSE/ATHEX 20 index fell 2.52 percent to 722.93 points. Banks underperformed, shedding 2.97 percent. National Bank lost 3.91 percent to 8.84 euros and Alpha slumped 4.06 percent to 4.73 percent. Eurobank EFG plunged 4.11 percent to 4.43 euros and Bank of Cyprus ended at 3.99 euros, off 2.68 percent. Betting company OPAP retreated 2.22 percent to 11 euros and power company PPC eased 0.70 percent to 11.30 euros. Coca-Cola Hellenic fell 1.82 percent to 18.85 euros and OTE telecom also ended in the red, dropping 1.06 percent to 5.60 euros. Among the few blue chip winners was toy retailer Jumbo, which advanced 0.64 percent to 4.75 euros, and construction company Ellaktor, which rose 1.39 percent to 2.92 euros. Turnover reached 127.3 million euros versus 172 million in the previous session.

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