Global worries weigh on stocks
Greek stocks continued to sink lower and lower yesterday, despite a temporary rise during the day, as worries continued across the world after this week’s huge stock market drop on the NYSE, coined Black Monday. The Athens Exchange (ATHEX) general index closed at 2,933.43 points yesterday, a further drop of 1.99 percent from Monday. Its total losses since the start of the year have come to 43.35 percent. The blue chip FTSE/ATHEX 20 index shrank by 2.14 percent to 1,599.43 points. All but four blue chips headed south, led by Piraeus Bank (down 5.73 percent), Coca-Cola HBC (4.76 percent), Hellenic Postbank (4.65 percent) and National Bank (4.48 percent). Bucking the trend were OPAP (up 1.80 percent), Marfin Investment Group (1.02 percent), Motor Oil (0.34 percent) and Hellenic Petroleum (0.27 percent). Turnover reached 338.3 million euros.
