ECONOMY

Index holds 1,500 points

The Athens Stock Exchange (ASE) general price index closed on Friday at 1,513.88 points, a drop of 26.85 points, or 1.74 percent from the previous week’s close, sinking deeper into a five-year low. Weekly turnover exceeded 260 million euros, with a daily average of 66.98 million euros in the four-session week. Among the Financial Times indices, the FTSE/ASE Small-Cap 80 came under the strongest pressures and shed 3.07 percent. The FTSE/ASE-40 mid-cap index followed with losses of 2.61 percent, while the FTSE/ASE-20 blue chip index receded 2.38 percent to close at 734.79 points. The FTSE/ASE-140, a composite of the above three indices, ended 2.49 percent lower. All but two sectoral indices registered losses, with textiles hit hardest. The sector dived 13.82 percent. The construction index receded 7.60 percent, while IT equipment/solutions followed close, ending 7.49 percent lower, and information technology fell 6.33 percent. The heavyweight telecommunications sector advanced 2.53 percent and retail commerce edged higher by 0.08 percent. Of the 368 individual stocks traded last week, 78 gained, 275 registered losses and 13 remained unchanged. Keranis led with gains of 29.03 percent, followed by Mouriades with 16.67 percent. Varvaressos and Michanologistiki, which made its debut on Friday, lost 48.70 and 34.62 percent, respectively. OTE Telecom again outperformed by far as the most marketable security, with an average volume per session of 12.4 million euros, followed by Public Power Corporation (PPC) with 4.6 million euros, and football pools and gaming firm OPAP with 3.2 million euros.