ECONOMY

Mid-caps gain but index falls on low turnover

Greek stocks slid back yesterday on low turnover. Investment interest was mostly centered on mid-caps while blue chips and small-caps on the whole declined. The Athens Stock Exchange (ASE) general index was down 0.45 percent at 3,567.67 points. The blue chip FTSE/ASE 20 index declined 0.54 percent, the FTSE/ASE Mid-40 gained 0.48 percent and the FTSE/ASE Small-Cap 80 was down 0.83 percent. Most sectoral indices headed south, led by utility services and technology which shed 2.17 percent and 1.71 percent. Raw materials outperformed with gains of 1.19 percent. Banks were down 0.60 percent. Bellwether National Bank dropped 1.82 percent, Eurobank lost 1.68 percent and Alpha Bank was down 1.05 percent. The heaviest loser among blue chips was Duty Free Shops (down 4.51 percent). Public Power Corporation slumped 2.34 percent and Cosmote was down 1.26 percent. In contrast, Piraeus Bank advanced 2.53 percent, OPAP was up 1.50 percent, Folli Follie gained 1.22 percent, Motor Oil added 1.33 percent, OTE gained 0.53 percent and ATEbank 0.52 percent. Turnover fell to 248.24 million euros, of which 101.1 million was accounted for the four most marketable securities, Piraeus Bank, National Bank, Bank of Cyprus and OPAP.