ECONOMY

ASE trails European bourses with cautious rise

Positive performances on European bourses rubbed off on Greek equities yesterday, leading the market 1 percent higher above the 2,600 mark. Brokers said the Athens bourse underperformed bullish European peers as expectations of a correction lingered after its recent rally despite a dip by the benchmark general index on Monday. There was positive momentum due to gains in Europe but we did trail, said Nikos Keranis, analyst at Pegasus Securities. The Athens benchmark general index ended at 2,631.43 points after a mixed start where it dipped to an intrasession low of 2,586.97 points. The market looks as if it wants to move higher but there has to be a consolidation period, said Elias Lazarides, analyst at Artion Securities. Banks gained 0.35 percent with telecom stocks ending 0.06 percent firmer. Blue chips on the FTSE/ASE-20 index advanced 0.78 percent to 1,454.58 points. Mid-caps on the bourse’s FTSE/ASE-40 index gained 1.76 percent while small-caps advanced 1.34 percent. Turnover was 141.52 million euros on volume of 31.8 million shares. Winners beat losers 273 to 56 with 33 shares unchanged on 362 traded.(Reuters) The fauna and flora have been recorded in a study which has been submitted to the Agriculture and Environment ministries. It demonstrates how destructive hunting is of the environment.