ECONOMY

Blue chips stay under pressure for second day

The Greek stock market headed south for a second day running yesterday, weighed down by continued pressure on blue chips and subdued interest. Mid- and small-caps, however, scored minor gains. The Athens Stock Exchange (ASE) general index was down 0.40 percent to 3,553.24 points. The blue chip FTSE/ASE 20 index fell 0.68 percent, but the FTSE/ASE Mid-40 added 0.33 percent and the FTSE/ASE Small-Cap 80 was up 0.36 percent. Most sectoral indices declined, led by chemicals, which lost 1.51 percent. Banks were down 0.75 percent. Technology gained 1.39 percent. Intracom outperformed other blue chips, rising 1.65 percent. Motor Oil advanced 1.42 percent, ATEbank added 1.04 percent, Hellenic Petroleum was up 1.01 percent and Public Power Corporation gained 0.76 percent. In contrast, Eurobank lost 1.90 percent, Emporiki was down 1.31 percent, Folli Follie slid 1.75 percent, Coca-Cola HBC shed 1.22 percent, National Bank fell 1.14 percent and OPAP declined 1.11 percent. Turnover totaled 291.08 million euros, of which 100.3 million was accounted for by the four most marketable securities, Piraeus Bank, OPAP, OTE telecom and Public Power Corporation.