ECONOMY

A week of slight gains

The Athens Stock Exchange (ASE) general index closed last week at 2,462.53 points, a gain of 17.37 points, or 0.71 percent, from the previous week’s close. Weekly turnover rose to 809.51 million euros – representing an average per session of 161.90 million – against 787.86 million the week before. All Financial Times indices showed small gains, with small-caps gaining the most. The FTSE/ASE Small-Cap 80 rose 1.18 percent, while the FTSE/ASE-20 index of blue chips gained 0.76 percent, to 1,280.84 points and the FTSE/ASE Mid-40 was up 0.62 percent. The FTSE/ASE-140, a composite of the above three, gained 0.78 percent, to 2,899.18 points. Among sectoral indices, 11 gained and seven lost ground. The top gainer was, for the second time in a row, IT equipment and solutions (3.66 percent), followed by non-metallic minerals and cement (1.96 percent), wholesale commerce (1.59 percent) and construction (1.56 percent). Loss leaders were basic metals (1.79 percent), textiles (1.67 percent) and investment stocks (1.61 percent). Among individual stocks, the greatest gains were made by Flexopack (23.73 percent), Informatics (20 percent) and Cardassilaris (15.70 percent). Top losers were Plias (24.07 percent), Elve (13.20 percent) and the preferred shares of Xifias Fisheries (12 percent) and Alisida (10.07 percent). The week’s most marketable securities were OPAP, with an average daily turnover of 16.21 million euros, National Bank (13.95 million), the Public Power Corporation (12.14 million) and OTE Telecom (10.93 million).