ECONOMY

Correction continues on bourse

Greek stocks continued their correction on Wednesday for a second day in succession, as political developments and debt estimates generated uncertainty in the market. The Athens Exchange (ATHEX) general index will reopen today after yesterday’s holiday at 1,577.89 points, having contracted by 1.88 percent on Wednesday from Tuesday’s close at 1,608.08 points. The blue chip FTSE/ATHEX 20 index dropped by 1.98 percent to end at 765.63 points. The blue chips to take the biggest blows were Eurobank EFG (down 3.89 percent), National Bank (3 percent), Public Power Corporation (2.98 percent) and Alpha Bank (2.30 percent). There were 47 stocks heading up, 112 going down and 50 remaining unchanged. Eurobrokers led gainers with an 18.75 percent rise, while Mouzakis was the worst off with a 14.29 percent loss. Turnover came to 124.3 million euros, down from Tuesday’s 132.3 million euros.