ECONOMY

OTE, OPAP Q3 results help market rebound

Stocks rebounded yesterday on the Athens Stock Exchange (ASE), as telecoms company OTE and betting firm OPAP published good third-quarter results and European markets also posted gains. The ASE compound share index closed at 4,231.27 points, a gain of 53.01 points or 1.27 percent. The FTSE/ASE 20 index of blue chips gained 1.56 percent to close at 2334.01 points, while mid- and small-caps gained 0.24 percent and 1.19 percent respectively. The FTSE/Athex International gained 1.31 percent, closing at 6,100.36 points. Fourteen out of 17 sectoral indices gained. The exceptions were industrial goods and services (down 0.60 percent), utilities (0.18 percent) and foods and beverages (0.06 percent). The biggest gainers were telecommunications (up 3.37 percent), media (2.17 percent) and travel and leisure (1.50 percent). Among blue chips, significant gains were posted by jewelry and accessories maker and retailer Folli-Follie (up 4.76 percent to 26.86 euros), OTE (3.45 percent to 21 euros), mobile telecommunications company Cosmote (3.40 percent to 20.66 euros), Alpha Bank (2.02 percent to 24.24 euros), National Bank (1.99 percent to 35.90 euros) and OPAP (1.98 percent to 27.80 euros). Turnover reached 389.92 million euros, including a total of 59.76 million in prearranged trades.