ECONOMY

ASE index closes 0.37 percent up

The Athens Stock Exchange general index ended the week at 2,704.12 points, 10.10 points or 0.37 percent higher than the previous week’s close. The market was range-bound throughout the week, with the index fluctuating between 2,679.68 and 2,727.98 points. Total trading volume was 725.47 million euros, with a daily average of 145.09 million, against 169.09 million the previous week. All three FTSE indices showed gains. The biggest were recorded by the FTSE/ASE-40 index of mid-caps (0.97 percent), while the FTSE/ASE-20 index of blue chips gained 0.63 percent and small-caps on the FTSE/ASE-80 index just 0.08 percent. Most sectoral indices ended with gains. Basic metals, nonmetallic minerals, and food and beverages were the most favored, rising 5.87 percent, 5.18 percent and 3.79 percent, respectively. Seven sectors recorded losses, led by information technology (1.71 percent) and textiles (1.55 percent). Of the 364 stocks traded, 158 ended with gains, 191 registered losses and 15 remained unchanged. The biggest gainer was Domus Investments with 52.70 percent, followed by Sidenor (21.84 percent) and Anek (21.36 percent). The losers were led by Axon Holdings, down by 22.55 percent, Rilken (15.42 percent) and Pavlides (12 percent). OTE Telecom was the most heavily traded stock for the week, with an average daily volume of 9.52 million euros. Intracom was second with 5.58 million. – A statement that will indirectly yet clearly satisfy the Turkish demand that the federated state will not be an extension of the Cypriot Republic but a new state co-founded by the two communities.