Banks lead new stocks nosedive
Stocks on the Greek market suffered strong pressure yesterday, with all indices registering much greater losses than those on foreign markets. Bank stocks suffered the biggest losses, as more and more analysts expressed worries about the US bailout plan for banks. The Athens Exchange (ATHEX) general index closed at 3,062.72 points yesterday, a drop of 3.55 percent from Monday. The blue chip FTSE/ATHEX 20 index lost 4.06 percent to close at 1,674.95 points. All blue chips moved southward yesterday, led by Mytilineos (down 6.81 percent), Bank of Cyprus (6.69 percent), Intralot (6.61 percent), EFG Eurobank (5.85 percent) and Public Power Corporation (5.71 percent). Banks’ sectoral index fell by 5.21 percent, while during the session it had been losing as much as 6.71 percent. Turnover came to 271.9 million euros.
