Narrowly based gains

The Athens Stock Exchange (ASE) general index closed at 2,704.99 points on Friday, a gain of 22.41 points or 0.84 percent on the previous week’s close. Turnover rose to 863.15 million euros, an average of 172.63 million per session, from the previous week’s average of 157.19 million. Among Financial Times indices, the FTSE/ASE-20 index of blue chips gained 1.65 percent to close at 1,496.92 points. The FTSE/ASE Mid-40 and the FTSE/ASE Small-Cap 80 shed 1.92 percent and 2.52 percent respectively, while the composite FTSE/ASE-140 index gained 0.96 percent. Despite the overall gain, 13 of the 18 sectoral indices declined. The exceptions were telecommunications (4.98 percent), banks (1.73 percent), refineries (1.11 percent), investment (0.57 percent) and wholesale commerce (0.31 percent). The biggest losers were textiles (10.16 percent), construction (5.67 percent) and publishing and printing (4.13 percent). Of the 365 individual titles traded, 85 gained, 252 declined and 28 ended unchanged. The biggest gainers were the preferred shares of Xifias Fisheries (60.29 percent), followed by the common stock of Mesochoritis Brothers (17.24 percent) and Delta Project (16.25 percent). The biggest decliners were Texapret (44.94 percent), Veterin (41.18 percent), Dynamic Life (34.34 percent) and Ballis Chemicals (27.78 percent). The most heavily traded stocks were those of OTE, with an average turnover of 19.52 million euros per session, National Bank (18.35 million), CosmOTE (15.26 million) and Alpha Bank (14.43 million).