ECONOMY

Good Q3 results help the market rebound

Stocks resumed their upward course yesterday on the Athens Stock Exchange (ASE) on the strength of good third-quarter results, despite light losses on other European markets. The ASE compound share index closed at 4,215.40 points, a gain of 22.72 points or 0.54 percent. The FTSE/ASE 20 index of blue chips gained 0.50 percent to close at 2,332.13 points, while mid-caps and small-caps gained 0.57 percent and 0.59 percent respectively. The FTSE/Athex International gained 0.52 percent, closing at 6,075.64 points. Fourteen of 17 sectoral indices gained. The exceptions were health (down 0.36 percent), chemicals (0.22 percent) and commerce (0.04 percent). The biggest gainers were technology (up 1.39 percent), personal and household goods (1.25 percent) and foods and beverages (1.16 percent). Among blue chips, only National Bank (down 0.44 percent to 36.04 euros) and OTE (0.29 percent to 20.94 euros) lost ground. The top gainers were mobile telecommunications firm Cosmote (up 2.23 percent to 20.20 euros), EFG Eurobank (2.06 percent to 26.74 euros), ATEbank (2 percent to 4.08 euros), technology holding company Intracom (1.43 percent to 5.68 euros) and Piraeus Bank (1.05 percent to 23 euros). Turnover reached 334.13 million euros, including 36.48 million in prearranged trades.