Athens News Agency: News in English, 00-02-09

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Stock market report

[02] Olympic Airways-Melbourne

[01] Stock market report

Strong demand for blue chip stocks helped the Athens Stock Exchange remain on an upward course for the seventh consecutive session on Wednesday.

Smaller capitalisation stocks, however, came under profit taking pressure to end lower leading the market to a mixed appearance.

The general index ended 0.79 percent higher at 5,594.36 points, off the day's highs of 5,690.27 points, in heavy turnover of 429.3 billion drachmas.

The FTSE/ASE 20 index for blue chip and heavy traded stocks rose 1.26 percent to 2,973.25 points, while the FTSE/ASE MID 40 index fell 2.07 percent to 964.96 points.

The parallel market index for smaller capitalisation stocks ended at 1,662.86 points, off 4.74 percent.

[02] Olympic Airways-Melbourne

Cronus Airlines, a private Greek airline, said on Wednesday it was willing to fill the steps of national carrier Olympic Airways and introduce flights from Athens to Melbourne after Olympic said cost-cutting measures was forcing it to drop the Australian city from its itinerary.

The move last week brought immediate objections from the large Greek community in the city.

Cronus Airlines is the largest private airline company in Greece and currently offers domestic routes and flights to eight European destinations.

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