ECONOMY

Banks, OTE, small-caps lead index lower

Shares ended lower yesterday with oil refiner Hellenic Petroleum (ELPE) shedding 1.52 percent after it lost out in the race for Serbia’s Beopetrol fuel chain on Friday. ELPE was disqualified from the bidding for submitting an incomplete bid for Serbia’s second-largest petrol station operator. Banks fell 0.8 percent to 3,635.31 points, dragging down blue chips 0.79 percent to 1,065.91 points. The benchmark general share index lost 0.69 percent to 2,132.22 points. Bourse heavyweight OTE Telecom retreated 1.62 percent to 10.90 euros, pulling telecoms down 1.05 percent to 863.96 points. Energy utility Public Power Corporation bucked the trend, gaining 1.19 percent to 16.98 euros, not far off from a year-high of 19 euros set late last month. Small-caps fell 1.34 percent and mid-caps were down 0.56 percent. Turnover fell to 132.74 million euros, with 29.7 million shares changing hands. Decliners outnumbered advancers 248 to 84, with 35 unchanged on 367 shares traded. (Reuters)