Investors sell, but many stay on the sidelines

Stocks declined yesterday on the Athens Stock Exchange, in a session marked by downward pressure on banks. The ASE composite share price index closed at 4,114.37 points, a drop of 43.82 points or 1.05 percent. The FTSE/Athex 20 index of blue chips declined 1.01 percent to close at 2,253.09 points, while mid-caps and small-caps declined 1.36 percent and 1.61 percent, respectively. The FTSE/Athex International index declined 1.13 percent, closing at 5,742.09 points. Five blue chips bucked the trend and gained ground: jewelry maker and retailer Folli-Follie (0.86 percent to 23.52 euros), Duty Free Shops (0.76 percent to 16 euros), bottler Coca-Cola HBC (0.55 percent to 25.50 euros), electronics retailer Germanos (0.46 percent to 17.46 euros) and Alpha Bank (0.14 percent to 30.14 euros). The other 15 declined and the biggest losers were technology holding company Intracom (3.74 percent to 5.66 euros), refiner Hellenic Petroleum (3.25 percent to 11.30 euros), EFG Eurobank (2.73 percent to 31.36 euros) and Emporiki Bank (2.69 percent to 27.54 euros) Of 316 traded shares, 55 gained, 215 declined and 46 ended unchanged. Turnover reached 194.06 million euros, including 18.91 million in prearranged trades.