Small-caps resist decline

The Athens Stock Exchange composite share price index closed last Friday at 4,792.62 points, a drop of 52.06 points or 1.07 percent from the previous week’s close. Turnover dropped to -1.85 billion, an average of -369.37 million per session, from -513.83 million the previous week. Most major indices declined: The FTSE/ATHEX 20 index of blue chips fell 1.04 percent to close at 2,561.88 points, the FTSE/ATHEX Mid-40 lost 1.50 percent to close at 6,047.21 points, the FTSE/ATHEX Small-Cap 80 gained 1.86 percent to close at 950.53 points, the composite FTSE/ATHEX 140 index dropped 0.99 percent to close at 5,811.95 points and the FTSE/ATHEX International index declined 1.09 percent to close at 6,817.35 points. Twelve out of 17 sectoral indices declined. The top losers were insurance (down 4.57 percent), industrial goods and services (3.34 percent) and technology (1.89 percent). The top gainers were utilities (up 3.49 percent), health (1.59 percent) and travel and leisure (0.50 percent). Among individual titles, the top gainers were the preferred shares of Ideal Group (up 102.74 percent) and the common stock of Parnassus (25.68 percent) and Sarantopoulos Mills (19.60 percent). The top losers were Ideal Group’s common stock (down 33.89 percent), Marfin Group (12.11 percent) and Nick Galis (10.99 percent). National Bank topped the list of the most heavily traded shares, with an average turnover of -48.25 million per session. It was trailed by Alpha Bank (-41.15 million), PPC (-27.39 million), OTE (-27.26 million) and Piraeus Bank (-24.99 million).

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