Bourse sees its early-year gains erased

Kathimerini English - - Business & Finance -

Prof­its wiped out: The Athens stock mar­ket will start the new week to­day with its main in­dex at 1,297.36 points, hav­ing lost 8.25 per­cent since the start of the year. Al­though the first seven weeks of 2011 saw a rise for lo­cal stocks, the bourse has lost over 16 bil­lion eu­ros of its cap­i­tal­iza­tion since the in­dex peaked on Fe­bru­ary 18 at 1,715.13 points. What is more, there is no sign of a sig­nif­i­cant re­bound in the com­ing days.

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