Small-caps lead gains

The Athens Stock Exchange general index closed last Friday at 3,266.90 points, a gain of 7.50 points or 0.23 percent on the previous week’s close. Thanks to the placement of a 16 percent stake in refiner Motor Oil to foreign institutional investors, turnover reached 1.35 billion euros, an average of 269.76 million euros per session. It still trailed the 331.99 million average recorded the previous week, when the placement of 10 percent of OTE’s shares took place. The Financial Times indices gained, with the exception of the FTSE/ASE-20 index of blue chips, which declined 0.26 percent to close at 1,817.22 points. The FTSE/ASE Mid-40 and the FTSE/ASE Small-Cap 80 gained 1.16 percent and 2.12 percent, respectively, while the composite FTSE/ASE-140 was flat, gaining just 0.03 percent to close at 3,832.06 points. Eleven of the 18 sectoral indices gained last week. The top gainers were real estate (8.17 percent), refineries (7.54 percent) and IT equipment and solutions (3.36 percent). Top losers were telecoms (2.21 percent), information technology (1.25 percent) and construction (1.20 percent). Among the 344 individual titles traded, 207 gained, 107 declined and 30 ended unchanged. The top gainers were Microland Computers (27.54 percent), Plias (21.43 percent) and Cyclon Hellas (20.59 percent). Top losers were Sex Form (19.05 percent), Fanco (17.39 percent) and Maritime of Lesvos (10.26 percent). Motor Oil topped the list of the most heavily traded shares, with an average turnover of 71.95 million euros per session. It was trailed by OTE (34.61 million) and National Bank (17.05 million).