ECONOMY

Year begins with moderate gains

The Athens Stock Exchange (ASE) composite price index closed on Friday at 2,646.38 points, a rise of 54.82 points, or 2.12 percent, from the previous week’s close. Total trading volume reached 296.7 million euros. The average daily volume of trading in this short week (only three sessions) was about 98.8 million euros. All Financial Times indices gained. The FTSE/ASE-80 of small-caps gained the most (4.77 percent), while the mid-cap and blue chips indices gained 3.61 percent and 1.30 percent, respectively. All sectoral indices but one registered gains, with the largest taking place in publishing and printing (9.96 percent), construction (9.70 percent) and textiles (8.69 percent). The one exception was the retail sector, which lost 1.21 percent. Of the 361 stocks traded, 299 registered gains, 54 ended with losses and eight remained unchanged. The greatest gainers were Intersat (27.66 percent) and Yiannis Yiannousis (26.90 percent). Top losers were Viosol’s preferred stocks (14.63 percent) and Piraeus Investments (8.91 percent). OTE and Naoussa Spinning Mills were the most heavily traded stocks, with an average daily trading volume of 5.997 and 4.638 million euros.