Bank concerns lead to fresh losses on bourse

Growing concerns about additional capital requirements for banks weighed on the Greek bourse on Tuesday, as early gains were swiftly wiped out in a field day for sellers. Banks took the worst beating, with their index down 3.28 percent at the end of the day.

The Athens Exchange (ATHEX) general index ended at 1,146.21 points, shedding 1.12 percent from Monday’s 1,159.20 points. The large-cap FTSE/ATHEX 25 index contracted 1.49 percent to close at 370.58 points, while mid-caps expanded 0.27 percent.

Mytilineos outperformed with a 1.63 percent rise, followed by Motor Oil (up 1.39 percent) and Viohalco (1.24 percent). Heading south were Piraeus Bank (down 6.76 percent), Marfin Investment Group (3.23 percent), National Bank (3.04 percent) and Alpha Bank (2.40 percent).

In total 58 stocks recorded gains, 65 suffered losses and 19 remained unchanged.

Turnover amounted to 66.8 million euros, up from Monday’s 48.6 million.