ECONOMY

Slight rise, thin trading

The Athens Stock Exchange (ASE) general index ended 18.69 points, or 0.77 percent higher last week, closing at 2,442.41 points on Friday. Weekly turnover dropped significantly to 546.53 million euros, an average per session of 136.63 million, from 789.58 million the previous week. Even taking into account the fact that this was a four-session week, average daily turnover dropped 13.48 percent. All Financial Times indices rose slightly during the week. The FTSE/ASE Small-Cap 80 rose 1.34 percent, the FTSE/ASE-20 index of blue chips 0.87 percent, and the FTSE/ASE Mid-Cap 40, 0.85 percent. The FTSE/ASE-140, a composite of the above three, gained 0.90 percent. Thirteen out of 18 sectoral indices gained, just like during the week before. The gainers were led by basic metals (7.30 percent), non-metallic minerals (4.17 percent) and wholesale commerce (2.25 percent). Top losers were insurance firms (dropping 3 percent) and telecommunications (0.93 percent). The common and preferred shares of Leventeris led individual gainers, rising 25 percent and 21.43 percent respectively. They were followed by Dias fisheries (20.38 percent) and Texapret (17.83 percent). Top losers were Allatini Ceramics, which fell 17.67 percent, and textiles firm Varvaressos (11.39 percent). They were followed by Yalco-Constantinou (9.55 percent) and Aloumil Mylonas (9.04 percent). The most marketable securities were National Bank, with an average daily turnover of 14.26 million euros, OTE Telecom (10.73 million) and OPAP (8.74 million).