ECONOMY

Mid-caps lead gains

The Athens Stock Exchange general index ended last week at 1,819.66 points, 12.57 points, or 0.70 percent, higher than the previous week’s close. This was in spite of the fact that only two of the five sessions (Tuesday’s and Thursday’s) ended with gains. Total turnover for the week on the ASE was 407.6 million euros, with a daily average of 81.52 million euros per session. The buying interest for medium-capitalization stocks led the mid-cap FTSE/ASE-40 to rise 1.90 percent to 195.33 points. The FTSE/ASE-80 of small-caps and blue chip FTSE/ASE-20 rose 1 percent and 0.84 percent, respectively. The majority of sectoral indices recorded gains. Top gainers were insurance (12.10 percent) and basic metals stocks (6.37 percent). On the other hand, the textiles index lost 4.14 percent, and TV and entertainment, 2.83 percent. Of the 370 stocks traded last week, 221 gained, 117 fell and 32 were unchanged. Perseus and Kekrops were the top gainers of the week, rising 69.29 percent and 51.78 percent, respectively. The largest losses were sustained by textile company Varvaressos, down 16.94 percent, and Paperpack-Tsoukaridis (13.29 percent). Underwear company Sex Form was by far the most heavily traded stock, with an average turnover of 25.62 million euros per session, almost a third of the total turnover. OTE Telecom followed far behind, with an average of 9.40 million euros per session.