ECONOMY

Blue chips hold their own, smaller caps falter

Utilities and telecoms nudged the Greek stock market higher for a seventh straight session yesterday as mid- and small-caps came under profit-taking pressure. Banks also gained. The Athens Exchange (ATHEX) general index was 0.08 percent higher at 5,203.00 points, while the blue chip FTSE/ATHEX 20 index added 0.46 percent. The FTSE/ATHEX 40 mid-cap index shed 0.93 percent and the FTSE/ATHEX 80 small-cap index ended 0.96 percent lower. The FTSE/ATHEX International was up 0.24 percent. Public Power Corporation climbed 2.60 percent, ATEbank advanced 2.49 percent, OTE telecom added 2.21 percent and Piraeus Bank ended 1.13 percent higher. National Bank, Hellenic Petroleum, Hellenic Technodomiki, Bank of Cyprus, Cosmotel and Marfin Popular Bank also headed north. OPAP did as well, despite closing much lower than the day’s high. By contrast, Viohalco shed 2.80 percent and Coca-Cola HBC was 1.93 percent lower. Intralot, Motor Oil and banks Postal Savings, Alpha and Eurobank also ended in negative territory. Titan and Emporiki Bank were unchanged. Turnover totaled -498.21 million, of which -140.56 million was in block trades. Most of this was accounted for by the sale of about 9.7 million Bank of Cyprus shares by Marfin Popular Bank.