ECONOMY

A few blue chips, led by OTE, maintain subdued interest

New figures showing that the recession in Greece abated only slightly in the second quarter did little to energize local stock investors Monday, whose interest again was limited to just a few blue chips.

The Athens Exchange (ATHEX) benchmark index inched up 0.81 percent in thin trade, closing at 623.22 points, with the blue chip FTSE/ATHEX 20 index adding 0.59 percent.

OTE telecom, which reported encouraging second-quarter results last week, continued to lead the pack, accounting for nearly 40 percent of total turnover. It added 1.33 percent to close at 2.28 euros. Betting firm OPAP advanced 2.33 percent to 5.27 euros and Coca-Cola HBC added 2.55 percent to 14.47 euros. Banks were subdued, with National shedding 2.33 percent and Alpha declining 1.56 percent.

Turnover came to 16.3 percent.