Greek stocks edged higher in the Athens Stock Exchange

Greek stocks edged higher in the Athens Stock Exchange with investors on the sidelines and awaiting news from a crucial Eurogroup meeting in Brussels. The composite index rose 0.21 pct to end at 660.59 points, off the day’s highs of 664.61points. The Large Cap index rose 0.51 pct and the Mid Cap index ended 0.25 pct lower. Turnover fell to 52.191 million euros in volume of 76,651,101 shares.

Jumbo (3.67 pct), Coca Cola HBC (1.90 pct) and Titan (1.49 pct) scored the biggest percentage gains of the day among blue chip stocks, while Piraeus Bank (3.65 pct), Hellenic Petroleum (1.95 pct) and PPC (1.74 pct) suffered heavy losses.

Among market sectors, Personal Products (3.24 pct) and Food (1.90 pct) scored big gains, while Raw Materials (1.66 pct) and Financial Services (0.92 pct) suffered losses. Piraeus Bank and National Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 63 to 48 with another 16 issues unchanged. Kreka (19.67 pct), Athina (19.56 pct) and Sato (15.94 pct) were top gainers, while Progressive (19.35 pct), Pasal (18 pct) and Unibios (9.48 pct) were top losers.

ADEX closing report

The February contract on the FTSE/ASE Large Cap index was trading at a premium of 0.10 pct in the Athens Derivatives Exchange on Thursday. Volume on the Big Cap index totaled 1,798 contracts with 7,765 open positions in the market. Volume in futures contracts on equities totaled 47,246 contracts with investment interest focusing on Piraeus Bank’s contracts (14,507), followed by Alpha Bank (6,761), National Bank (14,507), Eurobank (9,050), MIG (1,653), OTE (105), PPC (50), OPAP (450), Viohalco (228), Mytilineos (662), Hellenic Petroleum (224), Ellaktor (138), Jumbo (80) and Folli Follie (46).

Greek bond market closing report

The yield spread between the 10-year Greek and German benchmark bonds eased further to 6.37 pct in the domestic electronic secondary bond market on Thursday, from 6.46 pct on Wednesday, taking advantage of a rising trend in European bond yields. The Greek bond yielded 6.85 pct and the German Bund yielding 0.48 pct. There was no turnover in the market.

In interbank markets, interest rates largely unchanged. The 12-month rate was -0.102 pct, the nine-month rate rose to -0.157 pct from -0.159 pct, the six-month rate was -0.241 pct, the three-month rate was -0.329 pct and the one-month rate was -0.372 pct.