ECONOMY

Refiners are top losers

The Athens Stock Exchange (ASE) general index closed last Friday at 3,353.84 points, a decline of 28.12 points or 0.83 percent on the previous week’s close. The market gained throughout the week, setting successive year-highs and reaching a level last seen in the spring of 2001. Turnover rose to 1.42 billion euros, an average of 284.05 million euros per session, from 268.11 million the previous week. All Financial Times indices lost ground, with the FTSE/ASE-20 index of blue chips hit hardest (0.84 percent, closing at 1,860.54 points), followed by the FTSE/ASE Mid-40 (0.37 percent) and the FTSE/ASE Small Cap-80 (0.16 percent). The composite FTSE/ASE-140 index declined 0.75 percent to close at 3,931.56 points. Ten of the 18 sectoral indices ended with gains last week. Top gainers were insurance (up 4.45 percent), information technology (1.79 percent) and non-metallic minerals and cement (1.67 percent). Top losers were refineries (down 6.61 percent), holding companies (3.35 percent) and industrials (2.11 percent). Among the 345 individual titles traded, 103 gained, 213 declined and 29 ended unchanged. The top gainers were Lymberis Publications (25.35 percent), Akritas (23.64 percent) and Microland Computers (21.14 percent). Top losers were Pouliadis (44.44 percent), CPI (33.33 percent) and PC Systems (30.23 percent). National Bank again topped the list of the most heavily traded shares, with an average turnover of 83.37 million euros per session. It was trailed by OPAP (21.46 million), OTE (20.42 million) and Alpha Bank (19.81 million).