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  Tuesday February 5, 2008 - Archive
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05/02/2008  
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BUSINESS & FINANCE
Blue chips, led by OTE, push the index higher

Greece’s ATHEX index yesterday added 1.2 percent, to 4,490.67. The FTSE/ATHEX 20 index of the country’s largest companies led the advance, adding 1.2 percent to 2,368.91. Investors expressed selective interest in a number of heavyweights, particularly OTE telecom, which gained 4 percent and accounted for more than half of the day’s total turnover of –545.6 million. Intralot advanced 3.7 percent, OPAP added 3.4 percent, Coca-Cola HBC rose 2.8 percent and National Bank gained 2 percent.

Atlantic Supermarkets fell 2.8 percent, to –2.06. The grocery store retailer plans to sell 313,421 of its own shares at no less than –1.35, according to a stock exchange filing. The shares were acquired through a stock buyback plan and will be sold from today.

Imako Media gained 1.1 percent, to –1.92. Petros Costopoulos increased his stake in the publishing company to 83 percent from 50 percent, according to a bourse filing on February 1 after the close of trading.

Mytilineos Holdings climbed 0.8 percent, to –10.08. The metal and energy company acquired 27,000 of its own shares, part of a share buyback plan, on February 1, according to a filing yesterday.

The Cypriot General Market Index gained 0.9 percent to 3,943.76. (Bloomberg, Kathimerini)

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Business & Finance
Blue chips, led by OTE, push the index higher

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