Stocks lose steam at week’s end

Weak performances on European bourses encouraged investors to chip away at recent profits in Greek stocks, dragging the market 1.63 percent lower. The Athens bourse’s benchmark general index ended at 1,528.48 points but managed to hold on to gains of just over 4 percent for the week. The blue chip FTSE/ATHEX 20 index dipped 2.08 percent to 743.22 points. National Bank (NBG) fell 3.13 percent to 7.75 euros and Eurobank EFG ended at 4.92 euros, off 4.65 percent. The subscription period for NBG’s share capital boost ends on Monday. Alpha Bank gave up 2.65 percent to end at 5.15 euros and Piraeus Bank slipped 0.99 percent to 3.99 euros. Hellenic Postbank dropped 1.22 percent to 4.05 euros. Power company PPC fell 2.55 percent to 11.85 euros and water utility EYDAP gained 2.04 percent to 5 euros. Construction group J&P Avax soared 7.58 percent to 1.42 euros. Betting company OPAP shed 1.26 percent to 11.80 euros and OTE telecom retreated 1.41 percent to 5.59 euros. Turnover dipped to 79.75 million euros, a 10-session low, from 116 million in the previous session.

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