ECONOMY

PPC and OTE help the index remain afloat

Another subdued session on the Greek stock market yesterday meant the general index was virtually a non-mover. The Athens Exchange (ATHEX) general index notched 0.02 percent higher to 4,814.68 points, from 4,813.91 points on Monday. The FTSE/ATHEX 20 blue chip index grew by 0.18 percent to 2,568.96 points. Moving in the opposite direction, the FTSE/ATHEX Mid-40 lost 0.58 percent and the FTSE/ATHEX 80 small-cap index fell by 0.55 percent. The FTSE/ATHEX International rose by 0.07 percent to close at 6,873.64 points. The better-than-expected first-half results of power utility PPC helped its stock outperform other blue chips with a 2.18 percent rise. OTE also posted significant gains (up 1.80 percent), followed by Emporiki Bank (0.73 percent) and the National Bank of Greece (0.56 percent). On the losers’ side, Motor Oil declined by 2.68 percent and Titan by 1.76 percent. Only six sectoral indices avoided a decline, led by utilities (up 1.77 percent), telecommunications (1.45 percent) and health (1.02 percent). Food and drink had the biggest losses (down 1.81 percent), ahead of media (1.71 percent) and oil-gas (1.70 percent). Turnover amounted to -257.19 million, of which -20.96 million involved block trades.