ECONOMY

Index barely budges, trade volume plummets

Shares closed marginally higher yesterday on the Athens Stock Exchange (ASE), as investors focused on a limited number of blue chips. The week’s opening session was also marked by downward pressure on small-cap stocks and a sharp drop in turnover to levels approaching year-lows. The ASE general index closed at 2,335.64 points, a rise of 0.93 points or 0.04 percent. The FTSE/ASE-20 index of blue chips rose 0.09 percent to close at 1,251.11 points, while mid-caps gained 0.38 percent and small-caps dropped 0.99 percent. Among blue chips, there were significant gains by jeweler Folli-Follie (2.23 percent, to 24.76 euros), bottler Coca-Cola HBC (1.77 percent to 19.58 euros) and Public Power Corporation (0.82 percent to 19.78 euros). On the other hand, telecoms equipment maker Intracom and state betting agency OPAP lost ground (1.91 percent and 1.48 percent respectively). Banks showed little movement either way, with National and Piraeus gaining 0.33 percent and 0.22 percent respectively, Eurobank dropping 0.11 percent and Alpha Bank ending unchanged. Of the 348 traded stocks, 72 gained, 206 declined and 70 ended unchanged. Turnover was 48.18 million euros, including 7.57 million in prearranged transactions.