ECONOMY

Index stays put, almost

The Athens Stock Exchange (ASE) general index closed last Friday at 3,086.09 points, a drop of 0.42 points or 0.01 percent on the previous week’s close. Turnover dropped slightly, to 913.77 million euros, an average of 182.75 million per session, from 194.99 million the previous week. The FTSE/ASE-20 index of blue chips gained 0.03 percent to close at 1,742.06 points, while the FTSE/ASE Mid-40 and the FTSE/ASE Small-Cap 80 declined 0.49 percent and 1.57 percent respectively. The composite FTSE/ASE-140 index declined 0.11 percent, closing at 3,642.18 points. Eleven of the 18 sectoral indices posted modest gains. The top gainers were insurance (2.72 percent), investment (2.32 percent) and real estate companies (1.93 percent). Top losers were telecoms (2.13 percent), construction (1.88 percent) and holding companies (1.85 percent). Of the 343 traded stocks, 113 gained, 194 declined and 36 ended unchanged. Individual gainers were led by Ergas (46.15 percent), followed by Hitech SNT (36.96 percent), CPI (34.69 percent) and European Reliance (30.84 percent). Top losers were Petzetakis’s preferred stock (35.71 percent), followed by Radio Korassidis (35.14 percent), Pouliadis (29.63 percent) and Petzetakis’s common stock (23.02 percent). EFG Eurobank Ergasias was the most heavily traded stock, with an average turnover of 23.78 million euros per session, followed by National Bank (21.35 million), Alpha Bank (18.69 million), OTE (15.1 million) and the Public Power Corporation (14.98 million).