Mid-caps rebound as blue chips struggle

Greek share prices yesterday regained some of the ground lost yesterday, with investors focusing mainly on mid-caps. Turnover without block trades remained low, signifying relatively subdued interest in blue chips. The Athens Stock Exchange (ASE) general index closed 6.29 points, or 0.15 percent, up at 4,148.40 points. The FTSE/ASE Mid-Cap 40 added 1.15 percent, with Sidenor and J&P Avax outperforming with gains of 7.08 and 6.11 percent respectively. Jumbo advanced 5.51 percent and Proton Bank 5.19 percent. The blue chip FTSE/ASE 20 index edged down 0.14 percent, with Folli-Follie losing 5.18 percent and Intracom shedding 2.63 percent. Emporiki Bank and Eurobank were 2.44 and 1.27 percent lower respectively. In contrast, Public Power Corporation recovered a strong 2.59 percent to 19.80 euros, and Coca-Cola HBC added 1.19 percent to 25.60 euros. The FTSE/ASE Small-Cap 80 gained 0.72 percent. Turnover reached 433.95 million euros, of which 210.60 million represented block trades, including two totaling 6.5 million shares of refiner Motor Oil, representing 5.5 percent of the company’s share capital (see Page 5). The four marketable shares between them totaled a turnover of 325.6 million, including Motor Oil’s 149.1 million.