Slight gains in ASE led by small-caps

Stocks gained yesterday, driven mostly by small-caps in a day of thin trade. The Athens Stock Exchange’s benchmark general index rose 0.49 percent to close at 1,641.09 points. Small-caps led the rise, going up 2.80 percent. Mid-caps rose 1.21 percent and blue chips, 0.33 percent. Among the latter, Alpha Bank rose 1.95 percent. After two days of idleness, due to the Catholic and Protestant Easter holiday, trading volume fell significantly to 76.2 million euros, from 97.7 last Thursday, as Greece enters its own Holy Week ahead of Orthodox Easter. Among sectoral indices, textiles led the way, rising 6.13 percent. IT equipment/solutions stocks rose 2.74 percent and publishing and printing companies, 2.53 percent. Several stocks, many of them from textile firms, closed at the 18 percent upper volatility limit. On the other hand, Eskimo’s common and Viosol’s preferred shares registered double-digit losses (10.71 and 10.34 percent, respectively).