ECONOMY

Stock slide on low volume

Shares traded on the Athens Stock Exchange (ASE) lost further ground last week, with the composite price index sliding 0.85 percent from a week earlier to close at 2,595.71 points on Friday. The volume of trading reached 616.82 million euros – a daily average of 123 million euros. Liquidations of blue chip holdings were reflected on the FTSE/ASE-20 index which lost 1.09 percent. The middle- and small-capitalization indices also moved lower, 0.23 and 0.03 percent, respectively. The same overall picture prevailed among sectoral indices, only five of which registered gains. Wholesale commerce and information technology gained the most, 1.84 and 1.01, respectively. At the bottom end, construction led the laggards with losses of 3.09 percent. Of the 368 stocks traded, 228 slid, 143 gained while 17 remained unchanged. The biggest beneficiaries of the week were Technodomi (CR), which rose 23.13 percent, and Connection (CR), which gained 19.07 percent. The losers were led by Rainbow Computer (CR) and Emborikos Desmos (PR) which receded 16.85 and 14.07 percent, respectively. Basic metals company Halcor (CB) was by far the most heavily traded stock with a total value of 51.67 million euros. – Klonatex shareholders hold a general meeting to discuss company’s share capital increase and its transition to the euro.