Stocks drop 2.8 per­cent amid cri­sis

Kathimerini English - - Business & Finance -

Greek stocks gave up 2.81 per­cent yes­ter­day, bounc­ing up against the 1,200-point re­sis­tance level as the coun­try’s po­lit­i­cal cri­sis deep­ens.

The Athens bourse’s bench­mark gen­eral in­dex ended at 1,208.09 points af­ter dip­ping to 1,197 points in in­tra-session trade.

The blue chip FTSE/ATHEX 20 in­dex gave up 2.87 per­cent to 537.59 points. Banks dipped 3.45 per­cent. Na­tional Bank, the coun­try’s largest lender, tum­bled 4.16 per­cent to 4.38 eu­ros, af­ter fall­ing by al­most 6 per­cent on Wed­nes­day.

Eurobank EFG re­treated 3.33 per­cent to 2.90 eu­ros and Al­pha Bank plum­meted 4.29 per­cent to 3.12 eu­ros.

Pi­raeus Bank dropped 3 per­cent to 0.97 eu­ros while Bank of Cyprus ended at 1.98 eu­ros, off 1.98 per­cent. Marfin In­vest­ment Group lost 5.08 per­cent to set­tle at 0.56 eu­ros.

Power util­ity PPC gave up 2.14 per­cent to 9.14 eu­ros and OTE tele­com fell 1.33 per­cent to 5.92 eu­ros.

Coca-Cola Hel­lenic also un­der­per­formed, shed­ding 3.15 per­cent to 17.52 eu­ros.

Con­struc­tion com­pany El­lak­tor gave up 4.39 per­cent to 1.96 eu­ros and In­tralot fell 4.23 per­cent to 1.36 eu­ros.

Turnover dropped to 85.5 mil­lion eu­ros, from 120 mil­lion eu­ros in the pre­vi­ous session.

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