ECONOMY

Stocks slide 2.77 percent in thin trade

Greek stocks fell yesterday, weighed lower by their weaker European peers, as across-the-board losses dragged the market close to this year’s lowest point. The Athens bourse’s benchmark general index gave up 2.77 percent to 1,404.20 points, closing just above the 1,403-point year-low seen in June. The blue chip FTSE/ATHEX 20 index fell 2.91 percent to end at 656.68 points. National Bank (NBG) gave up 3.51 percent to close at 6.04 euros, while peer Alpha fell 3.72 percent to 3.88 euros. Trading in NBG and Alpha dominated investor interest, with turnover in the two shares reaching some 26 million euros out of the total 57.8 million traded on the bourse yesterday. Bank of Cyprus tumbled 3.79 percent to 2.54 euros and Marfin Investment Group slumped 4.23 percent to 0.68 euros. Power company PPC slipped 2.99 percent to 11.02 euros and Coca-Cola Hellenic ended at 19.13 euros, off 4.35 percent. The mid-cap FTSE/ATHEX 40 index ended down 1.58 percent, while the small-cap FTSE/ATHEX 80 index lost 4.08 percent. In late trade yesterday, Germany’s DAX and France’s CAC 40 were down between 1 and 1.25 percent. The London Stock Exchange was closed for a public holiday.