ECONOMY

Info-Quest, PPC, refiners gain in quiet session

Stocks gained yesterday on the Athens Stock Exchange (ASE) in a low-volume session marked by a preference for small-capitalization companies. The ASE general index closed at 3,340.63 points, a gain of 8.73 points or 0.26 percent. The FTSE/ASE-20 index of blue chips gained 0.05 percent to close at 1,853.72 points, while mid-caps declined 0.31 percent and small-caps gained 0.91 percent. Some blue chips recorded significant gains: They were refiner Motor Oil (up 5.29 percent to 18.32 euros), electricity company PPC (2.41 percent to 18.68 euros), casino and hotel operator Hyatt (2.25 percent to 10 euros), refiner Hellenic Petroleum (2.15 percent to 12.38 euros) and mobile telecommunications provider CosmOTE (1.06 percent to 17.16 euros). Among other shares, IT company Info-Quest gained 8.59 percent on news that it had sold its subsidiary Q-Telecom to mobile telecoms provider TIM. By contrast, significant losses were sustained by telecommunications equipment manufacturer Intracom (down 4.93 percent to 5.40 euros) and Duty Free Shops (1.68 percent to 15.26 euros). Of 325 traded stocks, 134 gained, 121 declined and 70 ended unchanged. Turnover reached 137.27 million euros, including 3.98 million in prearranged trades.