ECONOMY

Small-caps hit hardest

The Athens Stock Exchange general index ended last week with marginal losses. It fell 0.07 percent, or 1.63 points, to close at 2,295.93. Two of the week’s five sessions ended with gains. Trading volume fell to 446.8 million euros, an average of 89.3 million per session. Among the Financial Times indices, the FTSE/ASE Small Cap 80 came under the greatest pressure, dropping 1.62 percent. The FTSE/ASE-20 index of blue chips fell 0.58 percent. On the other hand, the FTSE/ASE Mid-Cap 40 index gained 0.56 percent. Most of the sectoral indices also suffered losses. Worst hit were holding companies, whose index dropped 4.87 percent, followed by textiles (3.75 percent) and IT equipment and solutions (3.04 percent). On the other hand, the TV and entertainment index rose 3.13 percent and telecommunications 2 percent. Of the 369 shares traded, 244 ended with losses, 100 gained and 25 remained unchanged. The greatest individual gainers were construction company ATEMKE (39.09 percent) and Olympic Catering (19.09 percent). At the other end, Xifias Fisheries’ preferred shares lost 14.57 percent and Kordellos Bros 13.73 percent. Underwear company Sex Form was the week’s most heavily traded stock, with a daily average of 54.6 million euros. – Advanced Quality Services Ltd holds a two-day seminar on «ISO 9000: 2000 Auditing.» At the Holiday Inn Hotel.