ATHEX: Benchmark drops on lower trading volume
Local stocks headed south in the week's last session, with blue chips - led by banks - clearly suffering after government spokesman Dimitris Tzanakopoulos's statement that the time of the bailout review's completion is unknown. The continued drop in trading volume is another factor worrying market observers.
The Athens Exchange (ATHEX) general index closed at 649.73 points, shedding 0.96 percent from Wednesday's 656.04 points. On a weekly basis it advanced 0.68 percent - marking a third consecutive week of growth.
The large-cap FTSE 25 index fell 0.94 percent on Friday to 1,736.30 points, while mid-caps expanded 0.23 percent.
National (down 3.15 percent), Alpha (2.25 percent) and Eurobank (1.88 percent) ended at the day's low, leading to a drop of 2.44 percent for the banks index. Piraeus Bank fared no better, ending 2.65 percent lower.