One day’s gains suffice

The Athens Stock Exchange (ASE) general index closed at 1,977.66 points on Friday, a gain of 30.96 points, or 1.59 percent, compared to the previous week’s close. Four of the week’s five sessions ended with losses, but were more than compensated for after big gains on Monday. Total turnover rose slightly, to 873.53 million euros, from 737.75 million last week, a daily average of 174.71 million. Small-caps led the advance once again, with the FTSE/ASE Small Cap 80 index gaining 5.43 percent. The FTSE/ASE-20 index of blue chips rose 1.71 percent, while the FTSE/ASE Mid-cap 40 rose 1.36 percent. The FTSE/ASE-140, a composite of the previous three, gained 1.85 percent, to close at 2,308.51 points. Most sectoral indices showed gains: Top gainers were IT solutions and equipment (8.47 percent), publishing and printing (5.80 percent) and wholesale commerce (5.05 percent). Losers included refineries (1.25 percent), non-metallic minerals (0.81 percent) and real estate (0.63 percent). Among the 372 individual stocks traded, 272 gained, 82 fell and 18 remained unchanged. The biggest gains were registered by Alisida’s preferred share (74.23 percent), followed by Balkan Export (51.88 percent) and Alisida’s common share (49.51 percent). The biggest loser was Viosol’s preferred share (21.62 percent), the only one to post a double-digit loss. The most heavily traded share was that of Alpha Bank, with an average daily turnover of 11.801 million euros. OTE Telecom and National Bank followed, with daily averages of 10.216 million and 8.935 million, respectively.

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