Sharp swings and small gains
The Athens Stock Exchange (ASE) composite price index posted marginal gains of 0.61 percent last week from a week earlier, closing at 2.366.02 points following sharp fluctuations during the week which produced a new year low (2,332.89 points). The weekly volume of trade totaled 542.84 million euros, a daily average of 108.57 million euros. Of the Financial Times indices, only that of the FTSE/ASE-80 of small-caps gained, 0.83 percent. Medium capitalization stocks came under pressure with the FTSE/ASE-40 index closing 0.48 percent lower. The FTSE/ASE-20 index of blue chips shed 0.01 percent. Most sectoral indices also registered losses, the largest being that of IT equipment solutions which fell 2.68 percent, followed by banks which ended 1.44 percent lower. At the other end, telecommunications rose 3.56 percent, while basic metals and construction also made gains of 2.33 and 2.27 percent respectively. OTE Telecom and Folli Follie were the two most heavily traded stocks, with respective values of 6.8 and 6.4 million euros. The latter was also the week’s top loser, shedding 14.91 percent.
