ASE index stabilizes as investors pocket gains

Shares remained flat on the Athens Stock Exchange (ASE) yesterday, as the market stabilized following two very active sessions. The Athens Stock Exchange general index closed at 2,408.68 points, a gain of 1.93 points or 0.08 percent. The FTSE/ASE-20 index of blue chips gained 0.12 percent to close at 1,313.03 points, while mid- and small-caps declined 0.42 percent and 0.82 percent respectively. There was some limited correction in the shares of National Bank (0.29 percent) and Alpha Bank (0.09 percent), two of Thursday’s star performers. The other major gainer from that session, EFG Eurobank, gained marginally (0.10 percent to 19.62 euros). Telecoms gained, with OTE rising 0.37 percent to close at 10.98 euros and mobile communications subsidiary CosmOTE climbing 0.72 percent to 14.06 euros. Other blue chip gainers included Titan (1.70 percent to 21.56 euros) and OPAP (1.52 percent to 16.04 euros). Of the 358 traded shares, 112 gained, 170 declined and 76 ended unchanged. Total turnover dropped significantly, to 105.58 million euros, including 24.05 million in prearranged trades, notably the sale by Eurobank of 600,000 of its own shares (a 0.193 percent stake) to an institutional investor.