ECONOMY

Closing in on 2,500

The Athens Stock Exchange (ASE) general index gained 91.57 points, or 3.81 percent, to close on Friday at 2,494.91 points. Four of the week’s five sessions ended with gains and the only exception, Thursday, saw only marginal losses. Weekly turnover, including block trades, was 1.16 billion euros, an average of 231.83 million euros per session, from 1.07 billion euros the previous week. All Financial Times indices ended higher: the FTSE/ASE-20 index of blue chips added 4.47 percent to close at 1,299.99 points, the FTSE/ASE Mid-40 gained 4.29 percent and the FTSE/ASE Small Cap 80 rose 4.12 percent. The FTSE/ASE-140, a composite of the above three, rose 4.42 percent to close at 2,961.65 points. All sectoral indices ended with gains. The biggest gains were made by insurance (8.92 percent), information technology (7.25 percent) and basic metals (7.02 percent). Of the 370 shares traded, 207 gained, 142 declined and 21 remained unchanged. Mathios led the gainers (59.66 percent), followed by Hadzikraniotis (29.52 percent) and Tria Alfa (25.99 percent). Four stocks posted double-digit losses: Sex Form (13.89 percent), Lanacam (12.38 percent), Viosol’s preferred shares (10.34 percent) and European Reliance (10.20 percent). The week’s most marketable securities were OTE Telecom, with an average daily turnover of 22.36 million euros, National Bank (19.41 million), Alpha Bank (13.66 million), OPAP (12.99 million), Public Power Corporation (12.43 million) and Vodafone-Panafon (10.12 million).