ECONOMY

Index nearly at 2,000 pts

The Athens Stock Exchange general index ended the previous week at 2,066.84 points, a drop of 62.22 points, or 2.92 percent. Three of the week’s five sessions ended with losses. Total turnover for the week fell over 14 percent to 381.7 million euros, which gives a daily average of 76.34 million euros. The greatest pressure was on small-capitalization stocks. Thus the FTSE/ASE-80 of small-cap stocks lost 3 percent on the week, closely followed by the FTSE/ASE-20 index of blue chips which dropped 2.92 percent. The FTSE/ASE Mid-40 fared only slightly better, losing 2.04 percent. All sectoral indices also showed losses. Worst hit were IT equipment/solutions (6.87 percent), telecommunications (5.12 percent) and insurance companies (4.47 percent). Less affected by the downturn were TV and entertainment (0.28 percent), construction (0.45 percent) and real estate 0.98 percent). Of the 368 stocks traded over the week, 277 showed a loss, 69 gained and 13 remained unchanged. The biggest gains were shown by new listing Hitech consultants, and Kordellos Brothers. Among those with the biggest losses were the preferred stock of Alisida, and Connection. The most heavily traded stocks included OTE, Viohalco and Hitech Consultants. (Due to a technical problem, the prices of the stocks with the greatest rise and fall and the greatest turnover are inclusive up to Thursday and do not include Friday’s trading.)