Bozur
Amicus
Posts: 5,515
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Post by Bozur on Apr 13, 2005 17:56:17 GMT -5
Index barely moves as volume hits year-low Stocks began the week on the Athens Stock Exchange (ASE) in the same way they ended the previous one, with the general index barely moving. The session was marked by investor indifference, with the exception of a few blue chips, which led to the lowest turnover so far this year. The ASE general index closed at 2,994.81 points, a gain of 0.83 points or 0.03 percent. The FTSE/ASE-20 index of blue chips declined 0.16 percent to close at 1,677.46 points. Mid-caps gained 0.12 percent and small-caps declined 0.18 percent. The two stocks that attracted the most interest were Emporiki Bank and oil refiner Motor Oil. Investors bought into Emporiki, as rumors circulated of an impending agreement with France’s Credit Agricole to take over the bank’s management. At present, Credit Agricole holds an 11 percent stake. Emporiki gained 2.34 percent to close at 21.90 euros. Motor Oil gained 3.48 percent to close at a week-high of 12.50 euros. Other blue chips with significant gains included Duty Free Shops (up 3.86 percent to 13.46 euros), metals group Viohalco (2.57 percent to 6.38 euros) and Hellenic Petroleum (1.41 percent to 8.62 euros). Of 333 stocks traded, 120 gained, 133 declined and 80 ended unchanged. Turnover dropped to 91.04 million euros, including 17.1 million in prearranged trades. www.ekathimerini.com/4dcgi/news/content.asp?aid=55114
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Bozur
Amicus
Posts: 5,515
|
Post by Bozur on Apr 13, 2005 18:05:43 GMT -5
Investors back in force as index clears 3,000 Stocks broke through the 3,000-point level yesterday on the Athens Stock Exchange (ASE) after spending 15 sessions below that level as investors bought across the board. The ASE general index closed at 3,020.63 points, a gain of 25.82 points or 0.86 percent. The FTSE/ASE-20 index of blue chips gained 0.88 percent to close at 1,692.18 points, while mid- and small-caps gained 0.88 percent and 1.41 percent respectively. Once again, Emporiki Bank was heavily sought, on the basis of rumors of an impending agreement with France’s Credit Agricole to take over the bank’s management. At present, Credit Agricole holds an 11 percent stake. Emporiki gained 5.3 percent to close at 23.06 euros. There was also buying interest in Alpha Bank (up 2.33 percent to 28.98 euros) and Eurobank (1.50 percent to 25.68 euros). Other blue chips with significant gains included Public Power Corporation (2.48 percent to 22.34 euros) and OPAP (2.16 percent to 22.68 euros). Motor Oil continued its rise, this time gaining 0.80 percent to close at 12.60 euros and setting yet another 52-week high. Out of 336 traded stocks, 199 gained, 81 declined and 56 ended unchanged. Turnover increased significantly to 158.84 million euros, including 21.5 million in prearranged trades. www.ekathimerini.com/4dcgi/news/content.asp?aid=55158
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