ECONOMY

Small-caps beat blue chips in bullish mood

Greek stocks rose for the fourth consecutive day yesterday, spurred by a positive mood from returning bulls on other European bourses. Small-caps continued outperforming. The Athens Exchange (ATHEX) general index closed 0.42 percent higher at 4,880.52 points, after blue chips shed considerable gains during the end-of-session auctions. The FTSE/ATHEX 20 blue chip index gained 0.34 percent, the FTSE/ATHEX Mid-40 was up 0.82 percent and the FTSE/ATHEX 80 small-cap index climbed 1.75 percent. The FTSE/ATHEX international index added 0.43 percent. Among blue chips, Intralot continued its vigorous advance with gains of 2.46 percent, Viohalco added 1.73 percent, Motor Oil was up 1.33 percent and OPAP rose 0.92 percent. Banks on the whole were positive, with Alpha gaining 0.85 percent, Eurobank 0.91 percent and Marfin Popular 1.32 percent. By contrast, Emporiki was down 0.09 percent and the Postal Savings Bank 0.46 percent. Hellenic Petroleum, Titan and Coca-Cola HBC also headed north. National Bank, Piraeus Bank and Bank of Cyprus were unchanged. The Public Power Corporation shed 1.63 percent and Cosmote 1.21 percent. Turnover totaled -504.17 million, of which -117.68 million was accounted for by block trades.