Greek stocks ended sharply higher in the Athens Stock Exchange on Wednesday, in line with a rally in domestic bond prices, as investors seemed to expect a positive outcome in a December 5th Eurogroup meeting on finalising short-term debt relief measures for Greece. Bank shares were at the focus of buying interest. The composite index of the market jumped 2.97 pct to end at 628.75 points, off the day’s highs of 632.62 points. The index ended the month with a net gain of 6.36 pct, down 0.41 pct so far this year. The Large Cap index rose 3.42 pct and the Mid Cap index ended 0.47 pct down. Turnover was a huge 180.937 million euros, boosted by a block trade in Titan (69 million euros), in volume of 180,050,384 shares.
Piraeus Bank (10.56 pct), Eurobank (10.47 pct), National Bank (6.80 pct) and Alpha Bank (6.15 pct) scored the biggest percentage gains among blue chip stocks, while Lamda Development (0.84 pct), Folli Follie (0.78 pct) and Hellenic Exchanges (0.42 pct) suffered losses.
Among market sectors, Banks (7.83 pct), Constructions (3.01 pct) and Utilities (2.71 pct) scored big gains, while Commerce (0.78 pct) and Technology (0.31 pct) suffered losses. Piraeus Bank and National Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 70 to 32 with another 15 issues unchanged.
Pegasus (19.48 pct), AXON Holdings (16.67 pct) and Dromeas (12.87 pct) were top gainers, while G.E.Demetriou (19.35 pct), Dionic (15.82 pct) and Frigoglass (14.17 pct) were top losers.
ADEX closing report
The December contract on the FTSE/ASE Large Cap index was trading at a discount of 0.10 pct in the Athens Derivatives Exchange on Wednesday. Volume on the Big Cap index totaled 2,252 contracts with 9,542 open positions in the market. Volume in futures contracts on equities totaled 95,048 contracts with investment interest focusing on National Bank’s contracts (31,286), followed by Alpha Bank (9,747), Piraeus Bank (28,811), Eurobank (19,215), MIG (2,252), OTE (1,161), PPC (858), Hellenic Exchanges (105), Titan (105), Viohalco (261), Mytilineos (307), Hellenic Petroleum (114), GEK Terna (95), Ellaktor (146), Intralot (173) and Jumbo (97).