Minor correction follows Monday’s record high

Stocks in the Greek market underwent a minor correction yesterday after Monday’s rise to levels unseen in seven years. The decline moderated after data on US inflation and new housing permits came in. The Athens Stock Exchange (ATHEX) general index closed down 0.32 percent at 4,850.26 points yesterday from 4,865.97 points on Monday. The FTSE/ATHEX 20 blue chip index lost 0.34 percent to close at 2,600.43 points, while the FTSE/ATHEX Mid-40 gained 0.01 percent and the FTSE/ATHEX 80 small-cap index ended 0.16 percent lower. The FTSE/ATHEX International index closed at 6,916.09 points, 0.29 percent lower than on Monday. ATEbank stood out among blue chips with its 3.59 percent rise, while Hellenic Petroleum had the biggest losses (down 2.10 percent), along with Motor Oil (1.49 percent), Cosmote (1.42 percent), OTE telecom (1.31 percent) and National Bank (1.01 percent). Most sectoral indices headed southward, led by petroleum (down 1.84 percent), telecommunications (1.31 percent) and financial services (0.75 percent). Five indices had gains, with raw materials leading the way (up 0.85 percent), followed by commerce (0.83 percent) and chemicals (0.52 percent). The health index remained unchanged. Turnover totaled -456.1 million, including -65.7 million in prearranged block trades.

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