Stocks head south after strong message from Brussels

The local bourse underwent a significant correction on Tuesday after a string of sessions during which most stocks posted gains. The sell-off was partly triggered by the clear messages of pressure received by the government at the Eurogroup and ECOFIN meetings in Brussels this week.

The Athens Exchange (ATHEX) general index ended at 621.69 points, shedding 3.26 percent from Monday’s 642.62 points. The blue chip FTSE/ATHEX 20 index declined by 4.28 percent to close at 224.26 points.

Most blue chips headed south, led by National Bank (down 8.76 percent) and Mytilineos (8.75 percent), while only Coca-Cola HBC posted a rise, adding 0.20 percent.

In total, 40 stocks posted gains, 86 recorded losses and 18 remained unchanged. Turnover amounted to just under 32 million euros, up from Monday’s 24.8 million. 

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