ECONOMY

Index back over 4,000 points in quiet session

Stocks gained yesterday on the Athens Stock Exchange (ASE), in a session marked by fewer ups and downs and significantly reduced turnover – the latter, according to analysts, a sign of investor hesitancy as to where the market is headed next. The ASE composite share price index closed at 4,014.52 points, a gain of 17.49 points or 0.44 percent. On a weekly basis, it declined 0.36 percent. The FTSE/Athex 20 blue chip index rose 0.35 percent to close at 2,223.81 points, while mid- and small-caps gained 0.84 percent and 0.64 percent respectively. The FTSE/Athex International index gained 0.38 percent, closing at 5,622.13 points. The biggest gainers among blue chips were Alpha Bank (up 2.74 percent to 30 euros), electricity company PPC (2.24 percent to 18.50 euros), bottler Coca-Cola HBC (1.91 percent to 24.60 euros) and technology holding company Intracom (1.45 percent to 5.58 euros). By contrast, losses were sustained by cement maker Titan (down 1.99 percent to 38.50 euros) and betting company OPAP (1.11 percent to 32.14 euros). Out of 318 traded shares, 148 gained, 118 declined and 52 ended unchanged. Turnover reached 266.21 million euros, including 33.04 million in prearranged trades.