Small-caps buck trend

The Athens Stock Exchange (ASE) general index closed last Friday at 3,259.40 points, a decline of 29.24 points or 0.89 percent on the previous week’s close. Thanks to the sale of a 10 percent stake in OTE to institutional investors (shares that the state failed to sell through convertible certificates), turnover jumped to 1.66 billion euros, an average of 331.99 million euros per session, from 178.82 million the previous week. The FTSE/ASE-20 index of blue chips declined 0.74 percent, to close at 1,817.22 points and the FTSE/ASE Mid-40 fell 1.33 percent. The FTSE/ASE Small-Cap 80 gained 1.17 percent, while the composite FTSE/ASE-140 declined 0.73 percent to close at 3,831.09 points. Twelve of the 18 sectoral indices registered losses last week. The top losers were industrials (2.84 percent), non-metallic minerals (2.63 percent) and publishing and printing (2.16 percent). The top gainers were IT equipment and solutions (3.36 percent), refineries (2.55 percent) and real estate (1.42 percent). Among the 346 individual titles traded, 146 gained, 161 declined and 39 ended unchanged. The top gainers were MLS Informatics (28 percent), Microland Computers (27.78 percent) and wood-processing company Shelman (26.83 percent). Top losers were Plias (22.22 percent), Delta Ice Cream (11.17 percent) and G. Leventakis (9.80 percent). OTE topped the list of the most heavily traded shares, with an average turnover of 191 million euros per session. It was trailed by National (15.69 million) and Alpha banks (14.31 million).