ECONOMY

ASE down, refiners up

The Athens Stock Exchange general index closed last Friday at 3,250.93 points, a loss of 15.97 points or 0.49 percent on the previous week’s close. Four straight losing sessions were followed by strong gains on Friday. Turnover dropped to 1.02 billion euros, an average of 204.92 million euros per session, from 269.76 million the previous week. All Financial Times indices lost ground, with the hardest hit being the FTSE/ASE Small Cap 80, which declined 0.89 percent. The FTSE/ASE-20 index of blue chips declined 0.82 percent, closing at 1,797.67 points and the FTSE/ASE Mid-40 fell 0.13 percent. The composite FTSE/ASE-140 index declined 0.73 percent to close at 3,803.99 points. Eleven of the 18 sectoral indices sustained losses last week. The top gainers were refineries (10.30 percent), foods and beverages (1.94 percent) and industrials (1.69 percent). Top losers were publishing and printing (2.72 percent), non-metallic minerals (2.26 percent) and textiles (2.14 percent). Among the 346 individual titles traded, 107 gained, 215 declined and 24 ended unchanged. The top gainers were Hellatex (67.74 percent), A.S. Company (30.99 percent) and Varvaressos (30 percent). The top losers were Hitech SNT (23.19 percent), Centric Multimedia (18.75 percent) and Informatics (16.67 percent). OTE topped the list of the most heavily traded shares, with an average turnover of 18.88 million euros per session. It was trailed by EFG Eurobank (18.28 million), National Bank (16.20 million) and Alpha Bank (14.09 million).