ECONOMY

Telecoms lead the rise

The Athens Stock Exchange (ASE) general index closed at 2,467.14 points on Friday, a rise of 15.42 points or 0.63 percent. Three out of last week’s four sessions ended with gains. Total turnover was 448.39 million euros, slightly lower from last week’s 466.09 million euros, with each session averaging 112.10 million. Among Financial Times indices, the FTSE/ASE Mid-40 rose 0.69 percent, the FTSE/ASE-20 index of blue chips rose 0.51 percent, to 1,294.94 points, while the FTSE/ASE Small-Cap 80 retreated marginally (0.03 percent). The composite FTSE/ASE-140 gained 0.49 percent, to close at 2,864.26 points. Ten out of the 18 sectoral indices gained. The top gainers were telecoms (3.73 percent), investment (2.66 percent) and basic metals (1.77 percent). The top losers were banks (1 percent), information technology (0.97 percent) and wholesale commerce (0.91 percent). Among the 367 stocks traded, 167 advanced, 162 declined and 38 remained unchanged. Dromeas led all advancers, rising 21.48 percent. It was followed by Alfa Alfa Energy (20.40 percent) and Perseus (16.26 percent). Six other stocks posted a double-figure rise. Karatzis led the losers, dropping 30 percent. It was followed by Elve (19.28 percent) and construction firm Technodomi (15.38 percent). Four other stocks posted a double-figure decline. OTE was the most heavily traded stock, with an average daily turnover of 20.81 million euros. It was followed by Public Power Corporation (9.02 million) and National Bank (7.44 million).