ECONOMY

ASE stable above 1,900

The Athens Stock Exchange (ASE) general index closed at 1,901.48 points on Friday, a loss of 4.35 points or 0.23 percent compared to the previous week’s close. Four of the week’s five sessions ended with very slight losses and the overall picture is one of stability. Total turnover fell to 734.69 million euros, a daily average of 146.94 million, down from 192 million last week. Small-caps came under fairly heavy selling pressure, with the FTSE/ASE Small-Cap 80 index falling 3.75 percent. The FTSE/ASE-20 index of blue chips fell 0.20 percent and the FTSE/ASE Mid-40 rose 0.57 percent. The FTSE/ASE-140, a composite of the previous three, lost 0.45 percent. Most sectoral indices showed losses: The heaviest were incurred by textiles (10.19 percent), insurance (8.39 percent) and construction (6.13 percent). On the other hand, publishing and printing gained 13.25 percent, followed by industrials (0.96 percent). Among the 369 individual stocks traded, 250 fell, 102 registered gains and 17 remained unchanged. The biggest gains were registered by Paperpack-Tsoukaridis (80.49 percent), Lambrakis Press (28.25 percent) and Emborikos Desmos (19.44 percent). The biggest losers were Phoenix (28.36 percent), Daring (27.42 percent), Alisida (22.16 percent) and several others with double-figure losses. Once again, the most heavily traded share was that of OTE Telecom, with an average daily turnover of 12.69 million euros. Alpha Bank and mobile telecommunications firm Vodafone-Panafon followed, with daily averages of 9.05 million and 7.32 million, respectively.