ECONOMY

Gain based on banks

The Athens Stock Exchange (ASE) closed at 2,354.66 points on Friday, a gain of 10.30 points or 0.44 percent over the previous week. Turnover rose significantly to 534.20 million euros, an average of 106.84 million per session, from 80.99 million the previous week. The FTSE/ASE-20 index of blue chips gained 1.24 percent to close at 1,278.86 points. By contrast, the FTSE/ASE Mid-40 and the FTSE/ASE Small-Cap 80 declined 1.41 percent and 2.19 percent respectively, reflecting the low investor interest for stocks in those categories. The composite FTSE/ASE-140 gained 0.68 percent to close at 2,722.39 points. Fourteen out of the 18 sectoral indices ended with losses. The exceptions were banks (3.20 percent), refineries (1.11 percent) and two marginal gainers, information technology and wholesale commerce (0.10 percent apiece). The biggest losses were registered by holding companies (4.31 percent), construction (3.53 percent), insurance (3.33 percent) and retail commerce (2.76 percent). Of the 365 stocks traded, 89 gained, 240 declined and 36 ended unchanged. Top individual gainers were Marak Electronics (42.42 percent), Kordellos Bros (26.21 percent), and Ballis Chemicals (19.05 percent). Top losers were Domiki Kritis (42.42 percent), Cor-Fil’s preferred stock (20.73 percent), Empedos (17.24 percent) and Emborikos Desmos (16.28 percent). The most heavily traded stock was National Bank, with an average per session turnover of 17.24 million euros, followed by OTE (14.83 million), Alpha Bank (14.07 million), EFG Eurobank (11 million) and OPAP (5.56 million).