Telecoms keep index momentum going

Buying interest remained subdued in yesterday’s trading session at the Athens Stock Exchange (ASE), focusing on several blue chips, including heavyweight telecoms which led the market in its rebound from Tuesday. The benchmark general index gained 0.39 percent to close at 2,870.31 points, The blue chip FTSE/ASE-20 index advanced 0.41 percent to 1,599.00 points, mid-caps gained 0.35 percent and small-caps added 0.37 percent. OTE Telecom and its subsidiary CosmOTE ended 1.42 and 1.28 percent higher respectively. Interest continued in banks National and Emporiki, 1.50 and 1.05 percent up respectively, whereas Alpha shed 1.21 percent. Agricultural Bank crashed 14.23 percent lower after announcing a share capital increase at 2 euros per share. Aluminium of Greece climbed 3.54 percent higher, while gaming firm OPAP declined 0.49 percent after Tuesday’s star performance at 5.47 percent. Wholesale commerce outperformed among sectoral indices, with gains of 1.57 percent. Advancers outnumbered decliners 141 to 100, while 83 share prices remained unchanged on 324 traded. Turnover totaled 116.1 million euros, of which 53.7 million was accounted for by the four most marketable securities, OPAP, Hellenic Cables, Eurobank and National Bank.