ECONOMY

Losses across the board

The Athens Stock Exchange (ASE) general index closed at 1,703.79 points on Friday, down 72.37 points or 4.07 percent from the previous week’s close. Total trading volume rose in the four-session week, from 216.45 million euros to 362.09 million, an average of 90.52 million euros per session. Of the Financial Times indices, the FTSE/ASE-20 suffered the fewest losses (4.68 percent), while the FTSE/ASE Small-Cap 80 was hit hardest, falling 7.64 percent to close at 439.01 points. The FTSE/ASE Mid-40 and the new FTSE/ASE-140 lost 5.43 percent and 5.12 percent, respectively. All sectoral indices ended with losses. Hardest hit were textiles, which dropped 10.70 percent, holding companies (9.64 percent) and foods and beverages (8.60 percent). Publishing and printing stocks resisted best, losing 1.86 percent. Of the 362 individual stocks traded, just 25 gained, while 332 ended with losses and five remained unchanged. The biggest weekly gains were realized by Alisida’s preferred stock, which advanced 16.85 percent and Imako Media Net Group (12.96 percent). The numerous losers were led by Elfiko, which fell 41.03 percent, and Mouriades (32.61 percent). Eight more stocks lost at least 20 percent. The most heavily traded stock was mobile telecommunications company CosmOTE, with a daily average volume of 8.07 million euros. Following closely behind were the Public Power Corporation (7.83 million) and OTE Telecom (7.49 million)