ECONOMY

Smaller stocks posting gains

Small-caps and mid-caps posted moderate gains yesterday, aiming at closing the year on a high, but that was not enough to pull the main index higher as blue chips continued their slide. The Athens Exchange (ATHEX) general index closed at 2,194.49 points yesterday, contracting by just 0.07 percent from Tuesday’s close at 2,196.03 points. The blue chip FTSE/ATHEX 20 index declined by 0.56 percent to end at 1,128.48 points. However the mid-cap index gained 1.58 percent and the small-cap 1.70 percent. Leading blue chips were the stocks of Hellaktor (up 5.60 percent), Motor Oil (2.94 percent), Hellenic Petroleum (1.67 percent) and Marfin Investment Group (1.50 percent). Worst off were Bank of Cyprus (down 1.82 percent), National Bank (1.55 percent) and Alpha Bank (1.44 percent). Turnover amounted to 129 million euros.