ECONOMY

Previous gains taken back

The Athens Stock Exchange composite share-price index closed last Friday at 4,688.54 points, a drop of 91.17 points or 1.91 percent from the previous week’s close, matching almost exactly the gains of the week before. Turnover rose to 2.20 billion, an average of 440.28 million per session, from 407.95 million the previous week. All major indices declined: The FTSE/Athex 20 index of blue chips declined 2.05 percent to close at 2,545.79 points, the FTSE/Athex Mid-40 declined 1.20 percent to close at 5,643.04 points, the FTSE/Athex Small-Cap 80 declined 1.14 percent to close at 915.38 points, the composite FTSE/Athex 140 index declined 1.91 percent to close at 5,719.31 points and the FTSE/Athex International index declined 1.93 percent to close at 6,713.34 points. Thirteen of 17 sectoral indices declined. The exceptions were chemicals (higher 12.12 percent), travel and leisure (1.17 percent), oil and gas (0.35 percent) and construction and materials (0.21 percent). The top losers were financial services (less 4.54 percent), telecommunications (3.97 percent) and media (3.94 percent). Among individual titles, the top gainers were Alfa Grishin (up 38.69 percent), Lamda Detergent (20.49 percent), VIS’s preferred stock (18.91 percent) and Quality & Reliability (17.24 percent). The top losers were Images & Sound (down 20.83 percent), Petzetakis (18.57 percent), Emborikos Desmos’s preferred stock (14.29 percent) and S. Tasoglou (13.51 percent). National Bank again topped the list of the most heavily traded shares, with an average turnover of 61.11 million per session. It was trailed by Piraeus Bank (52.11 million), OTE (44.91 million), Alpha Bank (23.03 million) and OPAP (22.65 million).