ECONOMY

Blue chips lead losses

The Athens Stock Exchange (ASE) general index declined 10.91 points, or 0.44 percent, last week to close at 2,484 points. Three of the week’s five sessions ended with losses. Weekly turnover, including block trades, was 1.01 billion euros, an average of 202.01 million euros per session, from 1.16 billion euros the previous week. Two of the four Financial Times indices declined: the FTSE/ASE-20 index of blue chips lost 1.15 percent to close at 1,285.06 points, but the FTSE/ASE Small-Cap 80 gained 1.98 percent and the FTSE/ASE Mid-40 rose 1.21 percent. The FTSE/ASE-140, a composite of the above three, fell 0.53 percent to close at 2,946.08 points. Ten out of the 18 sectoral indices ended with gains. The biggest gains were made by non-metallic minerals (3.78 percent), wholesale commerce (3.52 percent) and holding companies (3.49 percent). The greatest losses were in insurance (3.03 percent), banks (2.33 percent) and food and beverages (1.50 percent). Of the 367 shares traded, 173 gained, 164 declined and 30 remained unchanged. Alco Hellas led the gainers (25.27 percent), followed by Benrubi (18.96 percent) and Kardassilaris (18.29 percent). Loss leaders were Mathios (32.40 percent), Hatzikraniotis (12.87 percent) and Intersat (9.76 percent). The week’s most marketable securities were OTE Telecom, with an average daily turnover of 27.07 million euros, National Bank (16.89 million), Alpha Bank (16.28 million), Vodafone-Panafon (14.09 million), OPAP (10.40 million), and Public Power Corporation (9.10 million).