ECONOMY

Stocks vault over 4,000 points; media dominate

Stocks gained yesterday on the Athens Stock Exchange (ASE) in a session marked by intense interest in media and telecommunications companies. The ASE composite share price index closed at 4,007.35 points, a gain of 29.51 points or 0.74 percent. The FTSE/Athex 20 index of blue chips gained 0.53 percent to close at 2,186.58 points, while mid-caps and small-caps gained 2.18 percent and 3.02 percent respectively. The FTSE/Athex International index gained 0.72 percent to close at 5,516.83 points. Media companies, especially newspaper publishers, had a field day, with Lambrakis Press (publisher, among other media, of the Vima and Nea newspapers) gaining 13.37 percent, Tegopoulos (Eleftherotypia) 12.44 percent and Pegasus (Ethnos) 10.19 percent. Several blue chips, notably Intracom, Titan and EFG Eurobank, posted significant gains, while the few losers included Hellenic Petroleum, OTE and Emporiki Bank. Of 325 traded shares, 231 gained, 64 declined and 30 ended unchanged. Turnover reached 454.05 million euros, including 110.68 million in prearranged trades, the most important of which were a sale of 2,765,000 shares (8.85 percent of the total) in TV station owner Teletypos and a related sale of 4,320,000 shares (a 5.2 percent stake) in Lambrakis Press.