ECONOMY

OTE lifts stock index to fresh record levels

Greek stocks closed the week with yet another year-high, edging ever closer to levels unseen for some eight years on the bourse, led by OTE telecom whose stock price broke an 89-month record. The Athens Exchange (ATHEX) general index was up 0.37 percent, closing at 5,289.80 points from 5,270.32 points on Thursday. The blue chip FTSE/ATHEX 20 index added 0.21 percent, reaching 2,803.19 points. The mid-cap FTSE/ATHEX 40 index grew marginally by 0.02 percent, while the small-cap FTSE/ATHEX 80 index declined by 0.32 percent. The FTSE/ATHEX International was up 0.18 percent at 7,508.07 points. OTE outperformed among blue chips with a 3.77 percent rise, followed by Coca-Cola HBC (up 2.01 percent) and Motor Oil (1.94 percent). The biggest losses were for power utility PPC (down 2.82 percent) and Bank of Cyprus (2.03 percent). All but six sectoral indices registered losses, led by utilities (down 2.25 percent), raw materials (1.02 percent) and health (0.31 percent). Topping the day’s gainers were telecoms (up 2.72 percent), food and drink (1.53 percent) and commerce (1.37 percent). Turnover rose to -435.59 million, of which -67.01 million concerned prearranged trades.