ECONOMY

Index again over 3,500 points in thin trade

Stocks gained yesterday on the Athens Stock Exchange (ASE), the first day of trading for the new «high-capitalization» index. The ASE general index closed at 3,501.21 points, a gain of 17.08 points or 0.49 percent. Earlier in the session, it had reached a high of 3,514 points. The FTSE/ASE-20 index of blue chips gained 0.35 percent to close at 1,952.48 points. Mid-caps gained 0.15 percent and small-caps declined 0.53 percent. Several blue chips made significant gains, including telecoms equipment manufacturer Intracom (up 4.03 percent to 5.16 euros), Hellenic Petroleum (2.97 percent to 11.78 euros), electricity company PPC (2.69 percent to 17.58 euros), telecommunications company OTE (2.05 percent to 17.94 euros), mobile telecommunications service provider CosmOTE (1.98 percent to 18.50 euros), Emporiki Bank (1.65 percent to 24.70 euros) and cement producer Titan (1.07 percent to 30.20 euros). By contrast, losses were sustained by casino and hotel operator Hyatt (down 1.77 percent to 10 euros), construction group Hellenic Technodomiki (1.45 percent to 4.08 euros) and National Bank (1.22 percent to 33.92 euros). Of 332 traded stocks, 106 gained, 165 declined and 61 ended unchanged. Turnover reached 176.05 million euros, including 24.65 million in prearranged trades.