ECONOMY

Shares dip 2 pct, losses widespread

Greek stocks continued on their downward trajectory yesterday, with losers outnumbering gainers by a ratio of four to one. The Athens Exchange (ATHEX) general index closed at 1,464.68 points yesterday, dropping 1.97 percent from Tuesday’s close at 1,494.17 points. The blue chip FTSE/ATHEX 20 index shrank by 1.82 percent to end at 692.59 points. The blue chips that did post gains, bucking the trend, were Motor Oil (up 1.88 percent), OTE telecom (1.63 percent) and Piraeus Bank (0.98 percent). Among blue chips heading south, Coca-Cola HBC was the worst off, with a drop of 5.12 percent, followed by Ellaktor (down 4.72 percent), Eurobank EFG (3.57 percent) and Hellenic Postbank (3.37 percent). National Bank dropped to below 7 euros, as its 1.57 percent daily decline took it to 6.90 euros. A total of 33 stocks gained ground, 131 went down and 48 remained unchanged. Vell Group led the gainers with 11.11 percent growth, while Altec posted the biggest losses (down 16.67 percent). Turnover came to 81.8 million euros, down from Tuesday’s 85.6 million.