ECONOMY

Gains across the ASE board

The Athens Stock Exchange general index ended the week at 2,654.83 points, a 4.89-percent rise over the previous week. All five sessions ended with gains. Total trade volume was 996.18 million euros, a daily average of 199.23 million. All FTSE indexes showed gains. The biggest gains were recorded by the FTSE/ASE-80 of small-caps (6.56 percent), while the mid-cap FTSE/ASE-40 followed closely behind with 6.32 percent. The blue chip index FTSE/ASE-20 gained 3.76 percent to close at 1,476.77 points. All sectoral indexes ended with gains. The highest were recorded by textiles (9.03 percent), telecommunications (8.01 percent) and publishing and printing (7.81 percent). Of the 365 stocks traded, 324 ended with gains, 36 registered losses and 12 remained unchanged. The biggest gainer, by far, was Koumbas Inc. (60.84 percent), followed by Metrolife (30.33 percent) and Haidemenos (29.77 percent). The losers were led by Axon Holdings (12.25 percent), Rilken (9.64 percent) and Creta Farm (7.86 percent). OTE Telecom was the most heavily traded stock of the week, with an average daily turnover of 21.8 million euros. For example, Athens has promised the world a landmark Games but has not yet researched, let alone decided what the message will be. The issue of tickets and their distribution is another instance which cannot be decided until the location and capacity of the venues is known.