ECONOMY

Renewed interest in banks but low turnover

Selective and subdued buying interest and low turnover marked yesterday’s trading session at the Athens Stock Exchange (ASE), as investors seemed to have adopted a wait-and-see attitude in view of a further round of negotiations on a solution of banks’ social insurance problem, due on Monday. The general index gained 0.39 percent, closing at 2,863.82 points, with all FTSE/ASE indices heading north. Blue chips dominated with gains of 0.61 percent, mid-caps advanced 0.54 percent and small-caps ended just 0.06 percent higher. Banks were among the prominent winners, led by Piraeus and Emporiki, which climbed 3.88 and 2.08 percent respectively. Alpha and National also gained 0.93 and 0.61 percent respectively. Apart from banks, non-metallic mineral and construction firms also performed well. Titan Cement advanced 2.83 percent and Public Power Corporation (PPC) 1.21 percent. Heavy selling pressure continued on gaming firm OPAP, which ended 1.90 percent down at 19.54 euros. Decliners outnumbered advancers 122 to 117, while 93 share prices remained unchanged on 332 traded. Total turnover fell further to 113.9 million euros, of which 62.2 million was accounted for by the four most marketable securities, OPAP, PPC, Eurobank and Piraeus Bank.