ECONOMY

Index falls below 1,900

The Athens Stock Exchange general index lost 80.07 points, or 4.07 percent, to close at 1,886.67 points last Friday. Four of the previous week’s five sessions ended with losses, with a slight recovery on Friday. Total turnover rose to 462.87 million euros, an average of 92.57 million per session. Blue chip stocks fared worst over the last week: The FTSE/ASE-20 index lost 4.62 percent, ending at 961.21 points. The FTSE/ASE-40 of mid-capitalization stocks suffered almost as badly, losing 4.49 percent, or 9.91 points. The FTSE/ASE-80 index of small-cap stocks lost 3.68 percent to end at 564.19 points. With a single exception, sectoral indices also headed downward. The exception was TV and entertainment, which gained 0.94 percent. The biggest losses were sustained by holding companies (7.39 percent), basic metals (7.29 percent) and investment stocks (6.72 percent). Among the 367 stocks traded, 292 ended with losses, 62 gained and 13 remained unchanged on the week’s trading. The biggest losses were sustained by textile firm Kor-Fil’s preferred stock (39.09 percent), holding company Ideal’s common stock (35.06 percent). Top gainers were Despec Multimedia (45.96 percent) and Kordellos Bros. (41.12 percent). OTE was by far the most heavily traded stock, with a daily average of 18.51 million euros. It was followed by state soccer pool and lottery company OPAP, with a daily average of 5.81 million euros.