Stocks slide anew as bears get settled

The trading week in Greece got off to another southbound start, with the benchmark sliding by as much as 2.5 percent midsession before climbing again and containing losses to just over 1 percent. It appears that the bears are getting settled at Athinon Avenue and won’t be moving until the political landscape clears.

The Athens Exchange (ATHEX) general index ended at 900.70 points, shedding 1.08 percent from Friday’s 910.50 points. The large-cap FTSE/ATHEX 25 index contracted 1.09 percent to 292.17 points, while small-caps posted a healthy rise of 1.75 percent.

Grivalia Properties – formerly Eurobank Properties – outperformed with a rise of 3.86 percent, followed by Ellaktor, which added 2.10 percent. Motor Oil fell 4.88 percent and Public Power Corporation gave up 4.32 percent.

Attica Bank’s stock reached a new historic low after the lender’s general meeting was again interrupted before a decision could be reached on a share capital increase. The meeting will resume next month.

In total 39 stocks registered gains, 70 recorded losses and 26 remained unchanged.

Turnover amounted to 88.1 million euros, down from Friday’s 99 million.