ECONOMY

Small-caps lead the fall

The Athens Stock Exchange composite share price index closed last Friday at 4,116.27 points, a decline of 32.31 points or 0.78 percent on the previous week’s close. This time it was mostly small-capitalization stocks that came under selling pressure. Turnover declined to 1.62 billion euros, an average of 324.90 million euros per session, from 370.43 million the previous week. All major indices lost ground: the FTSE/Athex 20 index of blue chips declined 0.80 percent to close at 2,249.72 points, the FTSE/Athex Mid 40 declined 0.70 percent to close at 4,182.21 points and the FTSE/Athex Small-Cap 80 declined 3.23 percent. The composite FTSE/Athex 140 index declined 0.88 percent to close at 4,907.71 points, while the FTSE/Athex International index declined 0.62 percent to close at 5,692.29 points. Thirteen of the 17 sectoral indices ended with losses. The exceptions were utilities (6.86 percent), insurance (2.66 percent), health (1.98 percent) and personal and household goods (0.90 percent). Top losers were technology (6.40 percent), basic materials (4.07 percent), industrial goods and services (3.73 percent) and media (3.07 percent). Among individual titles, the top gainers were Eurobrokers (29.50 percent), Varveris-Moda Bagno (19.17 percent) and Maritime of Lesvos (16.13 percent). Top losers were the preferred shares of Emborikos Desmos (31.82 percent) and the common stock of Naoussa Spinning Mills (25.81 percent). National Bank was the most heavily traded share, with an average turnover of 25.22 million euros per session.