Early gains turn into more stock losses
The relative easing of investor concerns after Sundays rather inconclusive local election results gave way to another selling spree on Monday that forced losses of almost 2 percent on the local markets benchmark, with turnover remaining high.
The Athens Exchange (ATHEX) general index closed at 1,066.54 points, sliding 1.99 percent from Fridays 1,088.25 points. The large-cap FTSE/ATHEX 25 declined 2.10 percent to close at 342.99 points.
Frigoglass rose 6.31 percent and Marfin Investment Group gave up 6.08 percent.
In total 46 stocks enjoyed gains, 70 posted losses and 16 stayed put.
Turnover came to 304.4 million euros, against Fridays 318.1 million.