ECONOMY

Small loss, thin trade

The Athens Stock Exchange (ASE) general index closed last Friday at 2,331.36 points, a drop of 1.97 points, or 0.08 percent, from the previous week’s close. Turnover dropped significantly, to 484.13 million euros, an average of 96.83 million euros per session, from 134.22 million the previous week. The FTSE/ASE-20 index of blue chips declined 0.43 percent to close at 1,241.16 points, but mid- and small-caps gained 0.43 percent and 2.75 percent, respectively. The composite FTSE/ASE-140 index dropped 0.09 percent to close at 2,698.79 points. Eleven of 18 sectoral indices gained. The biggest gainers were publishing and printing (5.37 percent), construction (3.68 percent), retail commerce (2.75 percent) and textiles (2.72 percent). The biggest losses were sustained by telecommunications (3.03 percent), IT solutions and equipment (2.22 percent) and refineries (1.64 percent). Of the 366 individual stocks traded, 209 gained, 128 declined and 29 remained unchanged. Gainers were led by Delta Project (51.01 percent), Microland Computers (35.29 percent) and electric/electronic appliances retailer Kotsovolos (26.46 percent), whose takeover by UK-based retailer Dixons was announced last week. The top losers were insurer European Reliance (18.81 percent) and real estate firm Kekrops (14.72 percent). The week’s most heavily traded stock was electronics retailer Germanos, with an average turnover per session of 19.73 million euros. It was followed by Alpha Bank (7.93 million) and Public Power Corporation (7.03 million).