Index off, trade up

The Athens Stock Exchange benchmark general index ended last week at 2,147.14 points, a drop of 28.05 points or 1.29 percent from the previous week’s close. Three of the week’s five sessions ended with losses. The week was marked by a deterioration in international markets following the new terrorist attack in Indonesia and, on the domestic front, by the suspension of Seafarm Ionian and Datamedia. Total turnover rose slightly to just over 1 billion euros from 992.36 million last week. Average turnover was 200.04 million euros per session. Hardest hit were blue chips. Thus, the FTSE/ASE-20 index dropped 1.13 percent to close at 1,074.41 points. The FTSE/ASE Mid-40 index dropped 0.58 percent. However, the FTSE/ASE Small Cap 80 bucked the trend and rose 2.41 percent. The FTSE/ASE-140, a composite of the previous three, dropped 0.65 percent. Sectoral indices were split, with 10 registering losses and nine gaining. Top gainers were textiles (4.20 percent), retail commerce (2.84 percent) and publishing and printing (1.91 percent). The greatest losses were registered in insurance (2.35 percent), banks (1.46 percent) and IT solutions and equipment (1.39 percent). Among individual stocks, gainers were led by Micromedia-Britannia (56.57 percent), Alter TV (49.09 percent) and Ideal’s preferred stock (44.12 percent). The biggest losers were Alsinco (19.84 percent), Fintexport (14.16 percent) and Teletypos (13.82 percent). Newly listed Piraeus Port Authority was the most heavily traded stock, with an average daily turnover of 22.88 million euros, followed by OTE Telecom (10.46 million) and PPC (9.51 million).