ECONOMY

Utilities face losses but index recovers ground

After a day of considerable fluctuations, Greek stocks closed with a mixed picture, but were significantly improved from Monday, thanks to a late rally that erased temporary losses. The Athens Exchange (ATHEX) general index closed at 3,941.45 points yesterday from 3,937.79 points on Monday, a marginal rise of 0.09 percent. The blue chip FTSE/ATHEX 20 index grew by 0.32 percent, reaching 2,042.42 points. The mid-cap FTSE/ATHEX 40 index shrunk by 0.07 percent, while the small-cap FTSE/ATHEX 80 index moved northward by 0.56 percent. The FTSE/ATHEX International was up 0.26 percent to 5,422.85 points. Leading the blue chips were the stocks of Postal Savings Bank (up 3.40 percent), Intralot (3 percent), Mytilineos (2.96 percent), OPAP (2.89 percent) and Hellenic Petroleum (2.33 percent). The biggest losses were for the Public Power Corporation, or PPC (down 4.89 percent), and Viohalco (1.48 percent). Most sectoral indices registered gains, led by travel and entertainment (up 2.42 percent) and mass media (2.14 percent). Worst off was the utilities index (down 3.81 percent), due to PPC’s losses. Turnover amounted to 267.4 million euros, of which 24.5 million euros concerned block trades. The Cypriot General Market Index rebounded by 0.41 percent, reaching 2,861.5 points.