ECONOMY

Stocks on local bourse remain virtually frozen

The freezing weather in Athens yesterday affected the city’s bourse, which failed to follow the rising trend on European markets, registering the lowest turnover for 2008. The Athens Exchange (ATHEX) general index closed at 4,317.26 points yesterday from 4,320.67 points on Friday, a slight drop of 0.08 percent. The blue chip FTSE/ATHEX 20 index fell by 0.13 percent, reaching 2,258.33 points. The mid-cap FTSE/ATHEX 40 index contracted by 0.28 percent, while the small-cap FTSE/ATHEX 80 index posted a rise of 0.53 percent. The FTSE/ATHEX International was down 0.13 percent to 6,016.37 points. The biggest gainers yesterday were the stocks of Public Power Corporation (up 3.18 percent), Mytilineos (1.52 percent), EFG Eurobank (1.08 percent) and OTE telecom (1.06 percent). The greatest losses were for Marfin Popular Bank (down 1.69 percent) and Coca-Cola HBC (1.39 percent). Sectoral indices showed a mixed picture, with the greatest gains coming for mass media (up 4.98 percent) and utilities (2.68 percent), while the worst off were personal and household goods (down 1.36 percent), and food and drink (1.06 percent). Turnover reached -182.65 million, of which -12.3 million corresponded to block trades. The Cypriot General Market Index declined by 1.23 percent to 3,840.02 points.