ECONOMY

Aggressive selling goes on for a third session

Stocks declined yesterday on the Athens Stock Exchange (ASE), with investors continuing to liquidate their positions across the board. The ASE composite share price index closed at 4,029.02 points, a decline of 33.85 points or 0.83 percent. It lost 5.09 percent over the week. The FTSE/Athex 20 index of blue chips declined 0.97 percent to close at 2,224.71 points, while mid- and small-caps declined 1.01 percent and 1.10 percent respectively. The FTSE/Athex International index declined 0.83 percent, closing at 5,648.91 points. Five blue chips ended with gains, led by mobile telecommunications service provider Cosmote (up 1.76 percent to 18.52 euros) and Duty Free Shops (0.66 percent to 15.34 euros). By contrast, significant losses were sustained by betting company OPAP (down 2.09 percent to 30.88 euros), Alpha Bank (1.73 percent to 29.60 euros), ATEbank (1.70 percent to 5.78 euros), technology holding company Intracom (1.64 percent to 6 euros), EFG Eurobank (1.26 percent to 30.98 euros), Emporiki Bank (1.13 percent to 28.04 euros) and telecommunications company OTE (1.10 percent to 17.56 euros). Out of 327 traded shares, 89 gained, 193 declined and 45 ended unchanged. Turnover reached 358.45 million euros, including 42.8 million in prearranged trades.