ECONOMY

Stock market gains for third session in a row

Stocks gained for the third session in a row yesterday on the Athens Stock Exchange (ASE), closing at yet another year-high. The ASE composite share index closed at 4,779.71 points, a gain of 25.56 points or 0.54 percent. On a weekly basis, it gained 1.94 percent, extending this year’s gains to 8.77 percent. The FTSE/ASE 20 index of blue chips gained 0.54 percent to close at 2,599.00 points. Mid-caps gained 0.90 percent and small-caps declined 0.15 percent. The FTSE/Athex International gained 0.57 percent, closing at 6,845.45 points. Twelve out of 17 sectoral indices gained. The top gainers were insurance (up 2.61 percent), raw materials (2.51 percent) and industrial goods and services (1.83 percent). The top losers were utilities (down 1.04 percent), oil and gas (0.49 percent) and technology (0.49 percent). Among blue chips, the top gainers were Postal Savings Bank (up 7.40 percent to -20.90), metals group Viohalco (3.46 percent to -10.16), OTE telecom (1.55 percent to -23.62) and EFG Eurobank (1.46 percent to -30.48). Turnover reached -437.11 million, including -28.79 million in prearranged trades. The most heavily traded stocks in terms of number of shares were Lannet (2,295,576), Elval (1,932,385) and National Bank (1,414,079).