ECONOMY

ASE hit by week’s losses

The Athens Stock Exchange lost 2.17 percent over the previous week, with the general index registering four losses and one day’s gains during the week and closing on Friday at 2,129.06 points. Overall turnover came to 445.7 million euros, for a daily average of less than 90 million euros. Of the Financial Times indices, the greatest pressure appears on the mid-cap FTSE/ASE-40, which closed at 235.03 points after registering a drop of 3.52 percent. The FTSE/ASE-80 of small-caps and blue chip FTSE/ASE-20 showed smaller losses, dropping 2.95 percent and 2.62 percent, respectively. Most of the sectional indices also showed losses. The textiles index dropped 8.71 percent, followed by information technology (5.84 percent) and holding companies (5.06 percent). On the other hand, only two sectional indices showed gains: TV and entertainment edged up 0.83 percent, followed by non-metallic minerals and cement with 0.33 percent. Of the 367 stocks traded over the week, 275 showed a loss, 79 registered gains and 13 remained unchanged. The biggest gains were shown by the preferred stock of Alisida, Xifias fish farms of Kavala, and Lanacam. Among those with the biggest losses were Naoussa spinning mills, ALTE, Alfa Alfa Energy and Alfa Alfa Holdings. (Due to a technical problem, the prices of the stocks with the greatest rise and fall are inclusive up to Thursday and do not include Friday’s trading.) OTE was the week’s most heavily traded stock, with an average daily turnover of 10.2 million euros, followed by Informatics (5.4 million euros) and OPAP (4.7 million euros).