ECONOMY

Small caps steal the show as blue chips balk

Eurobank and Piraeus Bank yesterday rebounded in late trading on the Athens bourse yesterday, saving the day for the blue chip and general indices. Small caps outperformed, in a session marked by strong fluctuations. The Athens Exchange (ATHEX) general index closed 0.05 percent higher at 4,743.92 points, after rising as much as 0.72 percent during the session. The FTSE/ATHEX 20 blue chip index nudged 0.01 percent up to close at 2,54 points, while the FTSE/ATHEX Mid-40 and the FTSE/ATHEX 80 small-cap index ended 0.36 percent and 1.38 percent higher respectively. Viohalco led blue chips with gains of 1.86 percent, Eurobank and Piraeus followed by adding 1.44 percent and 1.42 percent respectively, and Folli Follie advanced 1.34 percent. Hellenic Petroleum and banks Emporiki and National also headed north. OTE was unchanged. By contrast, Coca-Cola HBC was 1.52 percent leaner, OPAP shed 1.34 percent and Cosmote declined 1.06 percent. Alpha Bank, Intralot, Motor Oil, banks ATE, Cyprus and Postal Savings, Public Power Corporation, Hellenic Technodomiki and Titan followed lower. Media led sectoral indices, closing 2 percent higher. Turnover nudged higher to -385.60 million, including -84.38 million in prearranged block trades. Eurobank and Marfin Popular Bank accounted for -99.66 million.