ECONOMY

Blue chips lose luster, turnover slides again

Shares yesterday shed some of the gains of 1.94 percent racked up over the previous three trading sessions at the Athens Stock Exchange (ASE). The general index ended 0.28 percent down at 2,883.80 points, with all FTSE/ASE and most sectoral indices heading south. The blue chip index dropped 0.35 percent, mid-caps 0.10 percent and small-caps 0.52 percent. Blue chips gave a mixed picture, with gaming heavyweight OPAP advancing 1.47 percent, Eurobank 1.38 percent and Duty Free Shops and Hellenic Exchanges 0.90 percent each. In contrast, National and Emporiki banks declined 1.12 and 1.99 percent, and Coca-Cola HBC ended 1.29 percent lower after Thursday’s stellar performance. Insurance was the biggest loser among sectoral indices, shedding 2.19 percent, while information technology led winners with gains of 2.42 percent, ending a bad run in recent days. Decliners outnumbered advancers 138 to 100, while 90 share prices remained unchanged on 328 traded. Turnover fell to 123.7 million euros, of which 48.9 million was accounted for by the four most marketable securities, OPAP and banks National, Eurobank and Piraeus. Analysts believe that for the index to rise above 2,900 points, a rise in daily turnover above 150 million euros is needed.