ECONOMY

Sixth straight decline due to record oil price

Stocks declined for the sixth session in a row yesterday on the Athens Stock Exchange (ASE), as the market initially followed European bourses downward as a result of record oil prices but, unlike European markets, failed to claw back toward the end. The ASE general index closed at 3,186.35 points, a decline of 35.49 points or 1.10 percent. During the session, it had declined as much as 1.51 percent. The FTSE/ASE-20 index of blue chips declined 1.02 percent to close at 1,770.80 points, while mid- and small-caps declined 2.47 percent and 2.07 percent respectively. Among blue chips, only Duty Free Shops gained (0.65 percent), closing at 15.46 euros. Hellenic Petroleum closed unchanged at 9.30 euros. Among the rest, the greatest losses were sustained by construction group Hellenic Technodomiki (down 3.76 percent to 4.10 euros), telecommunications equipment manufacturer Intracom (2.24 percent to 5.24 euros), metals group Viohalco (2.15 percent to 5.46 euros), Public Power Corporation (1.72 percent to 19.40 euros), Alpha Bank (1.67 percent to 21.20 euros) and OPAP (1.31 percent to 25.64 euros). Of 328 traded stocks, 35 gained, 261 declined and 32 ended unchanged. Turnover declined to 123.20 million euros.