Blue chips weigh index down; turnover low

Greek stocks again fell south of the 3,900-point level yesterday, mainly weighed down by underperforming banks. Trading was marked by low turnover and volatility. The Athens Stock Exchange (ASE) general index was 0.57 percent lower at 3,883.75 points. The blue chip FTSE/ASE 20 index declined 0.74 percent; the FTSE/ASE Mid 40 shed 0.52 percent and the FTSE/ASE Small-Cap 80 slipped 0.35 percent. Most of the 17 sectoral indices ended up in negative territory, led by media, insurance and utility services. Banks fell 1.13 percent. Only three headed north, personal & household products, raw materials and health. Among blue chips, only three made meager gains: Coca-Cola HBC was up 0.70 percent, Piraeus Bank added 0.20 percent and OTE edged 0.11 percent higher. In contrast, Emporiki tumbled 2.87 percent, Alpha Bank was 1.82 percent lower, Eurobank slipped 1.24 percent and National Bank shed 1.21 percent. The Public Power Corporation was 1.17 percent lower. Hyatt, Hellenic Petroleum, OPAP and Folli-Follie ended unchanged. Turnover totaled 181.5 million euros, of which 65.9 million was accounted for by OTE, National Bank and OPAP.