ECONOMY

Slight losses in thin trade

The Athens Stock Exchange general index closed last Friday at 1,674.20 points, a drop of 9.39 points, or 0.56 percent, over the previous week’s close. Friday’s gains limited the losses which had accumulated over the previous four sessions. Total turnover fell slightly to 301.75 million euros, an average of 60.35 million per session. Hardest hit, once again, were small-capitalization stocks. The FTSE/ASE Small-Cap 80 lost 2.53 percent, the FTSE/ASE Mid-40 fell 1.11 percent, and the FTSE/ASE-20 index of blue chips dropped 0.32 percent, to 832.79 points. The new FTSE/ASE-140, a composite of the previous three indexes, dropped 0.67 percent to 1,890.70 points. All sectoral indices but two registered losses. The exceptions were telecommunications, which gained 0.41 percent, and holding companies (0.08 percent). Among the losers, hardest hit were textiles (7.75 percent) and refineries (4.23 percent), the latter hurt by the collapse in talks with a Russian-Greek consortium for the acquisition of a 23.17 percent stake in Hellenic Petroleum. Of the 364 individual stocks traded this week, 270 registered losses, 81 gained and 13 remained unchanged. Gainers were led by Kordellos Bros. (33.56 percent) and IMAKO (17.95 percent). The top losers were Mouriades, which lost 35 percent and Microland Computers, down 33.33 percent. Once again, OTE Telecom was the most heavily traded stock, with an average turnover of 13.86 million euros per session. It was followed by state lottery company OPAP (4.47 million).