ECONOMY

Small-caps outperform

The Athens Stock Exchange composite share price index closed last Friday at 3,816.79 points, a drop of 28.13 points or 0.73 percent on the previous week’s close. Turnover dropped to 920.96 million euros, an average of 184.19 million euros per session, from 275.75 million the previous week. Most major indices declined: the exception was the the FTSE/ASE Small-Cap 80, which gained 4.68 percent to close at 765.79 points. The FTSE/ASE 20 index of blue chips declined 0.86 percent to close at 2,073.62 points, the FTSE/ASE Mid-40 declined 1.09 percent to close at 4,093.89 points, the composite FTSE/ASE 140 index declined 0.72 percent to close at 4,566 points and the FTSE/ASE International index declined 0.88 percent to close at 5,351.86 points. Eleven of the 17 sectoral indices declined. Top gainers were health (10.24 percent), industrial goods and services (4.89 percent) and raw materials (1.42 percent). Top losers were utilities (2.32 percent), personal and household goods (2.14 percent) and oil and gas (1.30 percent). Among individual titles, the top gainers were Lavipharm (111.40 percent), Alma-Atermon (39.78 percent) and Loulis Mills (37 percent). Top losers were GEKE (15.89 percent), Petzetakis’s preferred stock (14.29 percent) and Images & Sound (10.81 percent), the only stocks with a double-digit decline. National Bank topped the list of the most heavily traded shares, with an average turnover of 28.93 million euros per session. It was trailed by Emporiki Bank (20.83 million), OPAP (12.82 million), Alpha Bank (10.09 million) and OTE (9.66 million).