Viohalco

ATHEX: Sellers keep upper hand

The Greek bourse's benchmark declined for a second day in a row on Thursday as sellers retained the upper hand after Wednesday's notable drop, but attention also shifted to mid-caps, which showed a mixed picture with their index posting moderate gains in a session of reduced trading volume. That led to stocks being split down the middle between winners and losers.

ATHEX: Bank decline weighs heavily on benchmark

A major slump in Greek bank stocks on Monday - exceeding 5 percent - illustrated that foreign portfolios are pulling out of the local market in droves.

The Athens Exchange (ATHEX) general index closed at 734.52 points, shedding 1.96 percent from Friday's 749.23 points. The large-cap FTSE-26 index contracted 1.77 percent to close at 1,940.51 points.

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