ECONOMY

Small- and mid-caps edge Greek stocks lower

Greek equities ended 0.17 percent lower yesterday on weak small- and mid-cap stocks as the market remained range-bound on the last day of the nine-month reporting season. The Athens benchmark general index ended at 2,694.02 points. Blue chips ended flat at 1,473.76 points. Refinery group Hellenic Petrol tumbled 3.54 percent to 7.62 euros, one day after posting a 60-percent fall in nine-month pretax profit due to a steep decline in refining margins. Talk that Hellenic Petroleum would soon reach a final deal with a foreign company had lifted the stock considerably. News has yet to come on this issue. The stock is correcting, said a broker. Telecoms firmed 0.15 percent and index heavyweight OTE rose 0.32 percent to 18.94 euros. Banks, index heavyweights, rose 0.20 percent. National Bank ended flat at 27.40 euros. Mid-caps on the FTSE/ASE-40 index slipped 0.46 percent and small-caps shed 0.28 percent. Bourse newcomer Intracom Constructions, specialist in integrated turnkey telecoms projects, soared 68.48 percent to 5.56 euros from its IPO price of 3.30 euros. Turnover was 191.10 million euros. (Reuters) Those escaping such situations are not economic immigrants but refugees, and are generally viewed as such by the British justice system, although recent events have brought this attitude into question. Other countries, such as Germany, support the same view.