ECONOMY

Greek shares end flat for second session in a row

Equities again ended flat yesterday with small- and mid-cap stocks outperforming the broader market. The benchmark general index eased 0.02 percent to 2,698.61 points. Blue chips slipped 0.29 percent to 1,473.69 points. Mid-caps on the FTSE/ASE-40 index firmed 0.83 percent and small-caps gained 1.28 percent. Brokers said sentiment on European bourses continued to dictate the tone of the local market, which again traded in a narrow range. Index heavyweight OTE Telecom released nine-month results in line with market expectations. The overall contribution of CosmOTE to the group’s profitability increased considerably, and this justifies its outperformance, said Vassilis Kararizos, telecoms analyst at Marfin Hellenic Securities. Banks ended off 0.25 percent and telecoms firmed 0.15 percent. Index heavyweight National Bank ended flat at 27.40 euros with Alpha Bank firming 0.10 percent to 20.78 euros. Hellenic Petroleum lost 2.23 percent to 7.90 euros. Turnover was 173.12 million euros. Winners beat losers 236 to 93, with 27 shares unchanged on 356 traded.(Reuters) It is immediately apparent that the more sugar contained in the must, the higher its grade and the higher the percentage of alcohol in the wine produced, because yeast requires around 17 grams of sugar per liter of must to produce one degree of alcohol. Consequently, if we divide the sugar in the must by 17 we can approximate the amount of alcohol in the wine produced.