Greek stocks ended slightly higher in the Athens Stock Exchange

Greek stocks ended slightly higher in the Athens Stock Exchange, reversing a three-day decline which pushed the composite index of the market 3.41 pct lower. The index rose 0.15 pct to end at 643.47 points, with the Large Cap index rising 0.31 pct and the Mid Cap index ending 0.90 pct up. Turnover remained a low 26.887 million euros in a volume of 36,497,271 shares.

Jumbo (2.66 pct), OTE (2.19 pct) and Metka (1.43 pct) scored the biggest percentage gains among blue chip stocks, while Alpha Bank (1.61 pct), Sarantis (1.41 pct) and PPC (1.37 pct) suffered heavy losses.

Among market sectors, Personal Products (2.21 pct), Telecoms (2.19 pct) and Raw Materials (0.97 pct) scored big gains, while Commerce (1.24 pct), Utilities (1.14 pct) and Banks (0.69 pct) suffered losses. National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 52 to 47 with another 25 issues unchanged. Mermeren (26.92 pct), Lazaridis Estate (12.82 pct) and Nireus (9.44 pct) were top gainers, while Sato (19.27 pct), Galaxidi (9.97 pct) and Ilyda (9.93 pct) were top losers.

ADEX closing report

The January contract on the FTSE/ASE Large Cap index was trading around its fair price in the Athens Derivatives Exchange on Wednesday. Volume on the Big Cap index totaled 5,072 contracts with 7,400 open positions in the market. Volume in futures contracts on equities totaled 27,822 contracts with investment interest focusing on National Bank’s contracts (9,039), followed by Alpha Bank (4,272), Piraeus Bank (8,854), Eurobank (2,358), MIG (1,785), OTE (406), PPC (637), OPAP (167), Mytilineos (164), Coca Cola HBC (49), Hellenic Exchanges (23), Viohalco (59), Folli Follie (35).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds widened to 6.80 pct in the domestic electronic secondary bond market on Wednesday, from 6.73 pct on Tuesday, with the Greek bond yielding 7.13 pct and the German Bund yielding 0.33 pct. There was no turnover in the market.

In interbank markets, interest rates moved slightly lower. The 12-month rate fell to -0.099 pct from -0.098 pct, the nine-month rate eased to -0.154 pct from -0.153 pct, the six-month rate fell to -0.240 pct from -0.239 pct, the three-month rate was -0.329 pct and the one-month rate was -0.372 pct.