Mid-caps lead rebound; turnover sharply lower

Greek stocks yesterday continued their rebound from Friday, despite small losses elsewhere in Europe and lower turnover – a sign that investors are remaining rather guarded. The Athens Stock Exchange (ASE) general index gained 37.08 points, or 0.98 percent, to close at 3,826.10, with investor interest focusing on mid-caps. All sectoral indices except chemicals headed north. Construction led the pack, surging 3.97 percent, followed by oil and gas with gains of 2.52 percent, and household goods, up 1.77 percent. The banks index closed 0.41 percent higher. The blue chip FTSE/ASE 20 index added 0.78 percent, the FTSE/ASE Mid 40 1.50 percent and the FTSE/ASE Small-Cap 80 0.61 percent. The rebound was marked for several blue chips, notably Folli-Follie (up 6.27 percent), Duty Free Shops (5.63 percent), Titan (5.14 percent), Intracom (4.41 percent) and Motor Oil (3.23 percent). Hellenic Petroleum added 2.07 percent, Coca-Cola HBC 1.81 percent and OTE telecom 1.80 percent. Turnover fell to 181.33 million euros, against a daily average of 441.21 million last week. Of this, 54.9 million was accounted for by the four most marketable shares, National Bank, OPAP, Germanos and ATEbank.