ECONOMY

Eurobank outperforms as index gains again

Stocks gained yesterday on the Athens Stock Exchange (ASE) for the fourth session in a row, as buying interest in selected stocks across the board continued. The ASE general index closed at 3,344.74 points, a gain of 14.36 points or 0.43 percent. The FTSE/ASE-20 index of blue chips gained 0.41 percent to close at 1,858.09 points, while mid- and small-caps gained 0.41 percent and 0.15 percent respectively. EFG Eurobank dominated the session, after early information that it had raised its bid for a 75 percent stake in Romania’s postal savings bank. It finally ended at 26.12 euros, a gain of 2.92 percent. Emporiki Bank gained 2.49 percent to close at 23.88 euros. Year-highs were attained by Mytilineos Group (up 1.33 percent to 15.26 euros), Delta Holdings (4.19 percent to 9.44 euros) and Fourlis (2.39 percent to 7.70 euros). By contrast, significant losses were sustained by betting company OPAP (down 1.99 percent to 23.64 euros) and construction group Hellenic Technodomiki (1.39 percent to 4.26 euros). Of 331 traded stocks, 159 gained, 117 declined and 55 ended unchanged. Turnover reached 187.46 million euros, including 23.5 million in prearranged trades. The latter concerned mainly OTE shares, almost a million of which changed hands this way.