ECONOMY

ASE follows international markets, rises 0.92 pct

Positive performances in international equity markets helped stoke buying interest in Greek stocks yesterday, lifting the market 0.92 percent. We saw a positive influence on the local bourse from the gains in the US and Europe, said analyst Annie Triantafyllou at National Securities. But we did not see an increase in volume. This is partly attributed to the Public Power Corporation’s IPO. Brokers said that PPC’s IPO, which aims to raise 430.5 million euros, has drained liquidity from the market all week. The IPO ends today. The Athens bourse’s benchmark general index settled at 2,727.98 points. Blue chips advanced 0.68 percent to 1,494.02 points. Mid-caps advanced 1.94 percent and small-caps gained 2.22 percent. Greek IT stocks reaped the benefits from the sector’s improved sentiment abroad, gaining 4.87 percent. Banks added 0.58 percent and telecoms firmed 0.23 percent. Mobile operator Panafon trimmed earlier gains, ending up 0.68 percent down at 5.88 euros and rival CosmOTE shed 0.84 percent to 11.78 euros. According to Hesiod, the grapes should lie in the sun for 10 days and nights. The method described by Dioscurides, where the grapes roast on the vine, seems to be a later technique, first mentioned by Palladius, a Latin agricultural writer, probably from the fourth century BC. Palladius describes what he says is a Greek technique: They break the grape stems, let the grapes dry out on the vine and then hang them in the shade. (2)