ECONOMY

Across-the-board gains due to lower fuel prices

Stocks gained yesterday on the Athens Stock Exchange (ASE), following, to a lesser extent, European markets that took heart from lower fuel prices. The ASE general index closed at 2,419.32 points, a gain of 9.81 points or 0.41 percent. The FTSE/ASE-20 index of blue chips gained 0.27 percent to close at 1,326.29 points. Mid- and small-caps gained 0.25 percent and 0.84 percent respectively. Gainers among blue chips included Germanos (up 3.72 percent to 18.98 euros), Hellenic Petroleum (3.13 percent to 7.26 euros), Intracom (2.37 percent to 3.02 euros), Emporiki Bank (1.33 percent to 19.82 euros), CosmOTE (1.30 percent to 14.04 euros) and Coca-Cola HBC (1.12 percent). Construction companies Hellenic Technodomiki and Aktor rebounded yesterday, gaining 4.14 percent and 5.26 percent respectively. The two companies, which belong to the same group, were embroiled in controversy when the National Council for Radio and Television refused to award a «transparency certificate» to Aktor, saying that it was too closely tied to media companies in contravention of a controversial law preventing major shareholders in media firms from bidding for state contracts. Of the 362 traded shares, 134 gained, 128 declined and 100 remained unchanged. Turnover was 107.41 million euros.