ECONOMY

Small-cap index leads

The Athens Stock Exchange general index rebounded on Friday, after three straight losing sessions, to close at 2,930.27 points, with gains of 0.65 percent for the week. Turnover totaled 998.45 million euros, representing an average per session of 199.69 million euros, against 206.90 million the week before. The FTSE/ASE Small-Cap 80 index led with gains of 1.52 percent, as mainly foreign institutionals seemed to switch their interest, taking profits from blue chips and buying smaller capitalizations in block trades, particularly Jumbo, Maillis and Terna. The blue-chip FTSE/ASE 20 advanced 0.26 percent, but the FTSE/ASE Mid 40 declined 0.34 percent. The composite FTSE/ASE 140 ended 0.26 percent higher. Most sectoral indices headed south. Construction fared the worst with losses of 3.49 percent. Information technology and holdings followed, at 1.72 percent and 1.43 percent lower respectively. The heavyweight banks came under selling pressure mid-week and their index ended 1.23 percent lower. Insurance outperformed, climbing 6.71 percent, followed by real estate, which advanced 5.30 percent. Retail commerce and textiles gained 3.13 percent and 3.09 percent, respectively. Of the 362 shares traded, 171 rose, 168 receded and 23 remained unchanged. Winners were led by Gener (30.77 percent) and Tria Alfa (29.18 percent). The biggest losers were Leventakis Tex (-42.28 percent) and Ideal (-21.43 percent). The most marketable securities were were those of the Public Power Corporation, Alpha Bank and OTE Telecoms.

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