ECONOMY

Market falls across the board, except refiners

Stocks declined yesterday on the Athens Stock Exchange (ASE), as the mood in other European markets turned negative. News about the abolition of T+3, that is, the ability to pay for one’s stock purchases within three sessions, hurt mostly medium- and small-capitalization firms. The ASE general index closed at 3,211.04 points, a decline of 32.55 points or 1 percent. The FTSE/ASE-20 index of blue chips declined 1.02 percent to close at 1,778.07 points, while mid-caps and small-caps declined 1.34 percent and 1.24 percent respectively. Some blue chips posted gains: These were EFG Eurobank (up 1.15 percent to 24.60 euros), Motor Oil (1.02 percent to 17.76 euros), Duty Free Shops (0.39 percent to 15.58 euros) and Hellenic Petroleum (0.19 percent to 10.74 euros). Most, however, lost ground, including Hellenic Technodomiki (down 3.17 percent to 4.28 euros), National Bank (2.69 percent to 29.68 euros), Coca-Cola HBC (2.49 percent to 22.70 euros), PPC (2.04 percent to 19.20 euros), Alpha Bank (1.25 percent to 22.08 euros) and CosmOTE (1 percent to 15.84 euros). Of 332 traded stocks, 60 gained, 218 declined and 54 ended unchanged. Turnover reached 225.28 million euros, including 41.62 million in prearranged trades.