ECONOMY

Further slide for the ASE

The Athens Stock Exchange (ASE) general index dropped 29.01 points, or 1.62 percent, last week to close at 1,791.70 points on Friday. All the shortened week’s three sessions ended with losses. Total trading volume fell sharply, once again, to 178.38 million euros, a daily average of 59.46 million. Of the Financial Times indices, the small-cap FTSE/ASE-80 came under the heaviest pressure, shedding 2.89 percent. The FTSE/ASE-40 of mid-caps lost 1.75 percent and the FTSE/ASE-20 blue-chip index declined 1.49 percent, to 869.48 points. Most sectoral indices ended with losses. The exceptions were foods and beverages, which gained 0.53 percent; retail commerce (0.36 percent) and investment stocks (0.01 percent). IT solutions and equipment stocks sustained the heaviest losses (7.70 percent), followed by information technology (5.11 percent) and non-metallic minerals (3.85 percent). Of the 361 individual stocks traded, 247 sustained losses, 81 gained and 33 remained unchanged. The biggest weekly gains were realized by Mouriades, which rose 17.07 percent and Creta Farm (12 percent). Losers were led by Informatics, which fell 23.15 percent, and Axon Holdings (19.20 percent). Twelve other stocks – Alisida’s preferred and ordinary shares, Cor-Fil’s preferred shares and the ordinary shares of Lantec communications, E. Pairis, Gregory’s, Technical Publications, Hadzikraniotis & Sons, Alisida, Fanco, Voyiatzoglou Systems, the Thessaloniki Port Authority and the Ideal group – fell more than 12 percent. The most heavily traded stock was OTE Telecom, with an average volume per session of 5.33 million euros.