ECONOMY

Index rises for fourth day, close to 4,000 pts

The benchmark Athens Exchange (ATHEX) index gained for a fourth trading day, adding 12.28 points, or 0.3 percent, to 3,985.97. The measure has fallen 23 percent this year, the worst quarterly performance since 1992. The FTSE/ATHEX 20 index of the country’s biggest companies fell 0.4 percent to 2,061.04 points. The following stocks were among the most active in trading: The Athens Water Supply & Sewage Company (EYDAP) climbed 1.1 percent to 9.40 euros, gaining for a fourth day. The utility said 2007 profit rose to 43.3 million euros from 33.3 million euros a year earlier. Realty developer Babis Vovos dropped 1 percent to 19.50 euros, after reporting a net loss of 7.5 million euros last year, compared with net income of 86.2 million euros in 2006. MJ Maillis slid a record 26 percent to 67 cents. The maker of packaging straps reported a loss last year of 38.1 million euros, compared with net income of 2 million euros in 2006. The loss led the company to breach the terms of a loan agreement, Maillis said. Thessaloniki Port Authority climbed 2.5 percent, to 25.38 euros, after reporting a net income rise to 13.9 million euros in 2007 from 3.6 million euros in 2006. Coca-Cola advanced 4.9 percent, but Marfin Popular Bank slumped 4.8 percent. Turnover topped 601.9 million euros. (Bloomberg, Kathimerini)

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.