Telecoms restrict slide
The Athens Stock Exchange (ASE) composite price index lost 1.14 percent last week closing on Friday at 2,203.9 points. Trading volume remained at low levels, totaling 381.41 million euros – an average per session of 76.28 million. Of the Financial Times indices, small-caps on the FTSE/ASE-80 came under the strongest pressure, losing 2.86 percent. The FTSE/ASE-40 of mid-caps declined 2.35 percent and blue chips on the FTSE/ASE-20 receded 1.75 percent, strongly supported by the performance of OTE Telecom. Sectoral indices all closed in negative territory for a second consecutive week, with the exception of telecommunications, which gained 1.78 percent. Insurance and publishing-printing led the losers with 4.70 and 4.65 percent, respectively. Of the 368 stocks traded, 89 gained, 257 ended lower and 22 remained unchanged. Xifias Fisheries and Tria Alfa led the winners, with gains of 15.26 and 11.03, respectively. The most heavily traded stocks were OTE Telecom (10.31 million euros) and EFG Eurobank Ergasias (7.75 million euros), followed by National Bank, Vodafone-Panafon, Alpha Bank and CosmOTE mobile phone operator. – Public Power Corporation employees are on a work stoppage, from 12 noon to 3 p.m. in protest at proposals for deregulating the energy market.
