ECONOMY

Low blue chip sales limit index rise

Buying in small- and mid-cap stocks kept the bourse in the black yesterday with small-cap Corinth Pipeworks jumping 11 percent after Sidenor said it will increase its stake in the company. Corinth rose 11.11 percent to 1 euro, while the Athens benchmark general index gained 0.63 percent to 1,779.98 points. Blue chips lagged as investors booked gains from a strong rally on Monday. They rose 0.4 percent to 886.33 points. Mid-caps rose 1.56 percent and small-caps advanced 1.21 percent. «The market was volatile after Monday’s strong move upward, which was a bit exaggerated. Weakness in Europe was an opportunity for an intra-session correction, mainly in large-caps,» said one analyst. «The fact that we closed higher today shows an inclination for higher levels,» said analyst Elias Lazaris at Artion Securities. Turnover eased to 126 million euros, as 38.7 million shares changed hands. Advancers led decliners 204 to 93, with 67 shares unchanged. (Reuters)