ECONOMY

Upbeat mood prevails for third straight day

Greek stocks headed north across the board for the third day in a row yesterday, supported by a positive climate on other European bourses. Mid-caps and small-caps outperformed. The Athens Stock Exchange (ASE) general index closed 0.83 percent higher at 4,266.56 points. The blue chip FTSE/ASE 20 index added 0.77 percent, the FTSE/ASE Mid 40 gained 1.35 percent and the FTSE/ASE Small-Cap 80 rose 1.36 percent. Among blue chips, Titan cement outperformed by surging 4.28 percent higher, the Public Power Corporation (PPC) continued its ascent, gaining 1.59 percent, and retailer Germanos climbed 3.56 percent higher. OTE telecom advanced 2.75 percent, Duty Free Shops added 1.92 percent and gaming firm OPAP gained 1.08 percent. In contrast, Intracom and Coca-Cola HBC shed 1.80 percent and 1.32 percent respectively. Just four of the 17 sectoral indices finished lower, technology, food and drink, petroleum and health. Insurance and chemicals outperformed with respective gains of 3.64 percent and 2.92 percent. Metka and Aluminium of Greece topped gains among mid-caps. Turnover rose to 337 million euros from 322 million on Wednesday.