Greek market dips after 5-day bull run

The head of Greece's conservative New Democracy party, Antonis Samaras, left, shakes hands with President Carolos Papoulias in Athens on Wednesday June 20, 2012. Samaras was sworn in as prime minister Wednesday at the helm of a three-party coalition that will uphold the country?s international bailout commitments. The move ends a protracted political crisis that had cast grave doubt over the country?s future in Europe?s joint currency and threatened to plunge Europe deeper into a financial crisis with global repercussions. (AP Photo/Andreas Solaro,pool)

The head of Greece's conservative New Democracy party, Antonis Samaras, left, shakes hands with President Carolos Papoulias in Athens on Wednesday June 20, 2012. Samaras was sworn in as prime minister Wednesday at the helm of a three-party coalition that will uphold the country?s international bailout commitments. The move ends a protracted political crisis that had cast grave doubt over the country?s future in Europe?s joint currency and threatened to plunge Europe deeper into a financial crisis with global repercussions. (AP Photo/Andreas Solaro,pool)

ATHENS, Greece (AP) ? Greek stocks have dipped following nearly a week of gains and a day after conservative leader Antonis Samaras was sworn in the new prime minister, ending protracted political uncertainty.

Samaras, who will head a three-party government with the Socialist PASOK and the smaller Democratic Left party will confer with coalition partners later Thursday.

The members of Greece's new cabinet are expected to be named shortly afterwards. Prominent banker Vassilis Rapanos is widely tipped to be named to the key position of finance minister.

Samaras' New Democracy party came first in national elections Sunday, but without enough seats in parliament to govern alone.

The main Athens stock index was down 0.5 percent in morning trading Thursday. Investors sought to cash in on five days of gains that reached nearly ten percent.

Associated Press

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