ECONOMY

Index stable below 1,900

The Athens Stock Exchange general index lost 3.74 points, or 0.20 percent, last week to close at 1,882.93 points on Friday. The week began with two significant drops, but the next three sessions ended with gains, helping the market stabilize. Total turnover was virtually unchanged at 463.05 million euros, an average of 92.61 million per session. Medium-capitalization stocks fared worst over the last week: The FTSE/ASE Mid-40 index lost 1.97 percent, while the FTSE/ASE-80 index of small-cap stocks dropped by 1.76 percent. The FTSE/ASE-20 index of blue chips lost 0.94 percent. Most sectoral indices also ended down on the week. The biggest losses were sustained by insurance (6.91 percent), holding (3.57 percent), and investment stocks (3.55 percent). Telecommunications stocks led the gainers, rising 1.79 percent; they were followed by information technology companies (0.96 percent). Among the 368 stocks traded, 238 ended with losses, 107 gained and 23 remained unchanged. The biggest losses were sustained by Mouriadis (30 percent) and construction company Technodomi (26.53 percent). Top gainers were fishery farm Nereus (27.05 percent) and Lazaridis (20.61 percent). OTE was the most heavily traded company on the exchange, with a daily average of 8.85 million euros. It was followed by Commercial Bank (6.34 million) and Informatics (5.13 million).