ECONOMY

Profit-taking leads index 1.04 pct lower

Stocks declined yesterday, as investors engaged in profit-taking in blue chips. On the other hand, several small-caps made large gains. The Athens Stock Exchange benchmark general index dropped 1.04 percent to close at 2,063.78 points. It had fallen below 2,050 points but rallied during the last half-hour. Turnover was 281.3 million euros, of which 46.15 concerned prearranged sales of blocks of shares. Decliners led advancers 192 to 134. Most sectoral indexes declined. Leading the decliners were wholesale commerce (1.51 percent), followed by telecoms (1.40 percent), information technology (1.28 percent) and insurance (1.27 percent). Gainers were led by IT solutions and equipment (1.92 percent), followed by publishing and printing (1.91 percent) and retail commerce (0.58 percent). Blue chips and mid-caps fell 0.94 percent and 0.58 percent, respectively, while small-caps advanced 0.07 percent.