Small-caps are hit the hardest

Four out of five sessions on the Athens Stock Exchange last week ended with losses. As a result, the composite price index lost 63.89 points, or 2.61 percent, from a week earlier, to close at 2,384.22 on Friday. Trading volume fell to 482.48 million euros – a daily average of 96.5 million. All Financial Times indices fell, with the FTSE/ASE-80 of small-caps sustaining the biggest loss at 3.47 percent. The mid-cap FTSE/ASE-40 fell 3.02 percent and the blue chip FTSE/ASE-20 held relatively better, falling 2.06 percent. All sectoral indices ended with losses. The biggest losses were sustained by insurance (6.71 percent), telecommunications (4.84 percent), publishing and printing (4.30 percent) and holding firms (4.17 percent). Of the 370 stocks traded, 293 fell, 61 gained and 16 remained unchanged. The biggest beneficiaries of the week were newly listed Alsinco (87.35 percent) and Anek (26.35 percent). The biggest losers were Alisida’s preferred stock (17.39 percent) and Nexans Hellas (17.28 percent). OTE was the most heavily traded stock with a daily average value of 14.11 million euros.