Index slides slightly; refiners outperform

Stocks declined slightly yesterday on the Athens Stock Exchange (ASE), despite a positive mood in other European markets. The ASE general index closed at 3,243.59 points, a loss of 7.69 points or 0.24 percent. The FTSE/ASE-20 index of blue chips declined 0.32 percent to close at 1,796.43 points, while mid- and small-caps declined 0.11 percent and 0.53 percent respectively. Refiners once again outperformed the market, with Hellenic Petroleum gaining 2.88 percent to close at 10.72 euros and Motor Oil up 3.53 percent to 17.58 euros. Other blue chips that posted gains included ATEbank (up 1.69 percent to 4.82 euros), OPAP (0.54 percent to 26.22 euros), EFG Eurobank (0.50 percent to 24.32 euros) and CosmOTE (0.25 percent to 16 euros). By contrast, losses were sustained by Intracom (down 2.39 percent to 5.72 euros), Coca-Cola HBC (1.61 percent to 23.28 euros), Alpha Bank (1.58 percent to 22.36 euros), Emporiki (1.57 percent to 22.56 euros) and OTE (0.96 percent to 16.46 euros). Of 334 traded stocks, 111 gained, 154 declined and 69 ended unchanged. Turnover reached 155.14 million euros, including 8.33 million in prearranged trades. Alpha Bank had the biggest turnover (13.66 million euros), ahead of ATEbank (11.87 million) and PPC (11.33 million).