ECONOMY

ASE correction leaves index below 4,200 pts

Stocks declined yesterday on the Athens Stock Exchange (ASE), in line with European markets and in view of an expected correction following three gaining sessions. The ASE compound share index closed at 4,192.68 points, a drop of 28.94 points or 0.69 percent. The FTSE/ASE 20 index of blue chips declined 0.50 percent to close at 2,320.53 points, while mid- and small-caps declined 0.67 percent and 0.05 percent respectively. The FTSE/Athex International declined 0.52 percent, closing at 6,043.99 points. Fourteen out of 17 sectoral indices declined. The exceptions were chemicals (up 0.51 percent), construction and materials (0.14 percent) and technology (0.07 percent). The biggest losers were personal and household goods (down 2.95 percent), media (1.59 percent) and foods and beverages (1.41 percent). Among blue chips, the top gainers were Emporiki Bank (up 1.46 percent to 23.66 euros), Alpha Bank (0.67 percent to 23.90 euros) and technology holding company Intracom (0.36 percent to 5.60 euros). The biggest losers were mobile telecommunications firm Cosmote (down 2.66 percent to 19.76 euros), bottler Coca-Cola HBC (2.16 percent to 25.34 euros), EFG Eurobank (1.13 percent to 26.20 euros), Bank of Cyprus (1.13 percent to 9.60 euros) and PPC (1.01 percent to 19.58 euros). Turnover reached 395.88 million euros, including 158.20 million in prearranged trades.