Market pauses to allow locking in recent gains

The Athens Stock Exchange (ASE) showed signs of slowing down yesterday, with many investors choosing to lock in short-term profits and turnover returning to more «normal,» though still heavier than average, levels. The ASE composite share price index closed at 3,885.23 points, a gain of eight points or 0.21 percent. The FTSE/Athex 20 index of blue chips declined 0.07 percent to close at 2,139.10 points, while mid- and small-caps gained 1.14 percent and 0.90 percent respectively. The new FTSE/Athex International index gained 0.04 percent to close at 5,305.41 points. Among blue chips, significant gains were posted by refiner Hellenic Petroleum (up 3.50 percent to 12.42 euros), telecommunications equipment manufacturer Intracom (2.66 percent to 6.18 euros), electronics retailer Germanos (1.56 percent to 15.64 euros), cement producer Titan (1.33 percent to 33.50 euros), EFG Eurobank (1.31 percent to 29.48 euros) and ATEBank (1.15 percent to 5.30 euros). By contrast, significant losses were sustained by betting company OPAP (down 1.67 percent to 31.78 euros), National Bank (1.38 percent to 37.22 euros) and Duty Free Shops (1.09 percent to 16.30 euros). Out of 330 traded shares, 134 gained, 138 declined and 58 ended unchanged. Turnover reached 356.39 million euros, including 44.6 million in prearranged trades.

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