ECONOMY

Telecoms lead gains

The Athens Stock Exchange (ASE) general index closed last Friday at 3,269.50 points, a gain of 22.04 points or 0.68 percent on the previous week’s close. Turnover fell to 668.31 million euros, an average of 167.08 million euros per session, from 202.78 million the previous week. Three of four Financial Times indices gained ground. The exception was the FTSE/ASE Small-Cap 80, which declined 0.14 percent. The FTSE/ASE-20 index of blue chips gained 0.87 percent, closing at 1,814.89 points, while the FTSE/ASE Mid-40 gained 0.85 percent to close at 2,877.25 points. The composite FTSE/ASE-140 index gained 0.82 percent to close at 3,846.70 points. Ten of the 18 sectoral indices ended with gains last week. Top gainers were telecommunications (3.21 percent), publishing and printing (2.63 percent) and insurance (1.75 percent). Top losers were textiles (3.49 percent), IT equipment and solutions (1.79 percent) and retail commerce (1.45 percent). Among the 342 individual titles traded, 172 gained, 131 declined and 39 ended unchanged. The top gainers were Pouliadis and Associates (40 percent), Sheet Steel (33.33 percent) and Elviemek (27.45 percent). The top losers were Etma’s preferred shares (12.20 percent), Domiki Kritis (11.29 percent) and Ergas (8.57 percent). OPAP topped the list of the most heavily traded shares, with an average turnover of 27.48 million euros per session. It was trailed by OTE (21.28 million), National Bank (15.93 million) and Bank of Cyprus (7.89 million).